On July 6, 2015, the Obama Administration proposed new overtime rules which will massively increase the salary threshold below which all employees must be paid overtime, from the current $23,660 to $50,400 a whopping 113% increase.
Currently, employees defined as managerial, administrative, or professional under the so-called “duties test” are exempt from overtime rules, so long as their earnings total at least $23,660 per year. The proposal seeks comment on the test, opening the door to changes to be adopted in a final rule.
Please CLICK HERE to tell NSBA how this rule change will impact your business. We need to hear from you by August 21!
Additionally, on Aug. 13, 2015 NSBA held an issue briefing teleconference for members to discuss proposed overtime regulations which could more than double the salary threshold for paying overtime from $23,660 to $50,400 – a whopping 113% increase. The featured labor expert and attorney Michael Eastman, who currently serves as VP for Public Policy at the Equal Employment Advisory Council.