Labor department reconsidering overtime rule

Under the previous Administration, the Department of Labor (DOL) issued rules which would have doubled the annual salary threshold for overtime pay to $47,476. The new labor secretary has said that salary threshold amendment was excessive, although the current threshold of $23,660 should be updated.

The DOL plans to revise the threshold and has asked for public comment. In particular DOL has asked for input on whether the current threshold of $23,660 should be updated for inflation, and whether there should be multiple standard salary thresholds based on employer size, region of the country and other factors. 

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