WASHINGTON, D.C. — The U.S. Department of Labor will implement new overtime rules starting this summer that will make approximately one million more workers eligible for overtime pay.
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WASHINGTON, D.C. — The U.S. Department of Labor will implement new overtime rules starting this summer that will make approximately one million more workers eligible for overtime pay.
Under the current regulations, hourly or non-exempt employees who work more than 40 hours a week are entitled to overtime compensation. But salaried workers earning above $35,568 per year—$684 per week—are exempt from overtime regulations.
Starting July 1, salary-compensated employees making $43,888 or less per year—equivalent to $844 or more per week—will be eligible for overtime pay.
The threshold will increase again on January 1, 2025. Further adjustments are planned every three years.
For more details, visit the U.S. Department of Labor Blog at https://blog.dol.gov.
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