Today the U.S. Department of Labor (DOL) issued the final rule raising the salary requirement under the FLSA making employee who make less than $35,568 eligible for overtime pay. The new rate will take effect Jan. 1, 2020.
To be exempt from overtime under the federal Fair Labor Standards Act, employees must be paid a salary of at least $35,568 and meet certain duties tests. If they are paid less or do not meet the tests, they must be paid 1 1/2 times their regular hourly rate for hours worked in excess of 40 in a workweek.
The new rule will raise the weekly salary requirement to $684 per week ($35,568 annualized) from $455 a week ($23,660 annualized).