Department Of Labor Announces Salary Threshold
Tuesday, May 17, 2016

News outlets are reporting that the new salary basis rule will take effect on December 1, 2016, and require a salary of $47,476 per year ($913/week).  Reports also indicate that the new rule will require an update of the salary threshold every three years, as opposed to annual increases.  This effective date provides employers a longer period to analyze and comply with the new rule than previously anticipated, as prior reports had indicated the rule might take effect as early as 60 days after publication.

 

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