changes: On June 30, 2015, the Department of Labor announced a proposed rule that would more than double the salary threshold that makes white-collar managers eligible for overtime pay. The DOL’s long-awaited rewrite of the ’s for salaried administrative, executive and professional employees would raise the bar to $50,440 per year in 2016, up from the current $23,660.
The DOL arrived at the $50,440 threshold by calculating the 40th percentile of projected 2016 weekly earnings for all full-time, salaried workers. The new salary basis works out to $970 per week in 2016, compared to $455 per week currently.
The proposed rule doesn’t change the duties test that defines what constitutes administrative, executive and professional work, but leaves open the possibility of doing so in the future.
Following a public comment period, the new rule is expected to take effect somet...(register to read more)
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