Look for the Department of Labor (DOL) to release a new proposed rule for paying overtime to white-collar workers in February 2015, a roll-back of the department’s original, self-imposed November deadline.
The proposed rule could make overtime pay available to as many as 3.1 million moreemployees who are now considered exempt under the Fair Labor Standards Act ( ). President Obama directed Labor Secretary Thomas Perez to propose rules to “update and modernize America’s overtime pay system, so that millions of our nation’s salaried workers will have the protections of overtime pay.”
Currently, executive, administrative and professional employees are exempt from the FLSA’s overtime pay requirements if they earn more than $455 per week, or $23,660 per year. It’s likely that the proposed rule will raise that threshold.
Business groups, which oppose the plan, will have a chance to formally weigh in during a public comment period, probably running for 60 days after the proposed rule is released.
The new rule-making timetable was revealed in the DOL’s Fall 2014 Statement of Regulatory Priorities, issued on Nov. 21.