The DOL’s new overtime rule was published in the Federal Register on May 23, 2016. As predicted in our prior post, the new regulation will take effect December 1, 2016, not within 60 days as previously indicated. This gives employers nearly 200 days to comply with the minimum salary increase for exempt status, which,
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,
U.S. Department of Labor Wage and Hour Division chief David Weil reportedly told Congress yesterday that the agency won’t extend the 60-day public comment period for its proposed revisions to the FLSA’s “white collar” overtime exemptions (codified at 29 U.S.C. Part 541). The comment period is scheduled to close on September 4, 2015. See our