New Overtime Rule to Affect Millions
Photo courtesy of greensfelder.com
Under a new rule signed by the White House last month, millions of workers will now become eligible for overtime pay beginning December 1, 2016.
The final rule will:
- Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 million workers.
- Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
- Strengthen overtime protections for salaried workers already entitled to overtime.
- Provide greater clarity for workers and employers.
Read about the new overtime rule in more detail here.