11/24/2015 by Attorney Neil S. Lowenstein
Authored by Neil Lowenstein
Earlier this year, the Department of Labor (DOL) published new proposed rules for FLSA overtime requirements. The following are some important items to note from the proposal:
- Increasing the salary threshold from $23,660/year to $50,400/year [40th percentile].
- Increasing the “highly compensated” threshold from $100,000/year to $122,148/year [90th percentile]; and
- Automatically increasing the thresholds to “keep pace with inflation.”
There may be some changes to these proposed rules. However, if there are not, these proposed rules will go into effect in 2016. For more information about these changes or any other employment law matter, please contact us.