According to Bloomberg BNA, the DOL’s final overtime rule, which is expected to be released tomorrow, will take effect December 1, 2016, not within 60 days as previously indicated. This gives employers nearly 200 days to comply with the anticipated minimum salary increase for exempt status, which is expected to more than double the
On Monday the U.S. Department of Labor released its final overtime exemption rule to the White House Office of Management and Budget (OMB). The OMB will now conduct its concluding review of the regulation, which, once approved, will be published in the Federal Register. The OMB has up to 90 days to complete its review,
As described in our previous blog post last week, on June 30, 2015 the U.S. Department of Labor finally released its highly anticipated proposed regulations to amend 29 CFR Part 541, the Fair Labor Standards Act’s “white collar” exemptions. Today, those proposed regulations were published in the Federal Register, marking the beginning of the