Comment Period Now Underway for New DOL Overtime Rule
Earlier this month, the U.S. Department of Labor (DOL) issued a new proposed rule that intends to raise the annual minimum salary requirements for the FLSA’s “white collar” (executive, administrative, and professional) overtime exemptions to $35,308 ($679 per week), up from the current annual minimum of $23,660 ($455 per week). A full discussion of this and other aspects of the new proposed rule can be found here.
On March 21, 2019, the proposed rule was formally published in the Federal Register, signaling the beginning of a 60-day period (ending May 21, 2019) during which employers, employee representatives and others in the public may submit comments on the rule. Following the commentary period, a final rule will be published and, based on statements set forth in the proposed rule, the DOL anticipates that the final rule will become effective on January 1, 2020.