Feds Issue Final Rule on Overtime Pay

The Department of Labor announced that it has further modified its Final Rule for requiring employers to gauge whether or not a worker meets the stipulations of overtime pay.

Effective Dec. 1, 2016, the new mandate increases the salary threshold of eligibility of overtime pay from $455 per week to $913 per week. This equates to $47,476 per year.

According to the Department of Labor, the alteration also specifies that the salary threshold automatically updates every three years, based on wage growth.

Last modified onThursday, 19 May 2016 14:02