DOL Proposes $55K for New Overtime Rule Threshold

After several delays, the U.S. Department of Labor (DOL) on Wednesday proposed an increase of the minimum salary threshold for overtime eligibility under the Fair Labor Standards Act to $55,068 per year, which would guarantee overtime pay for most salaried workers earning less than $1,059 per week.  

In its releaseOpen in a new tab, the DOL announced in a notice of proposed rulemaking that the new threshold would restore and extend overtime protections to an estimated 3.6 million salaried workers.  READ MORE