President proposes changes to overtime regulations
July 01, 2015
President Obama announced on June 30 that the Department of Labor will propose extending overtime pay. The proposal would guarantee overtime pay in 2016 to most salaried workers earning less than an estimated $50,440 ($970 per week). Currently, the salary threshold remains at $23,660 ($455 per week). When the DOLs Notice of Proposed Rulemaking is published in the coming days, there will be opportunities to submit comments in writing. Comments will help the DOL determine what to include in a final rule next year. Please contact SESCO should you have any questions as relates to compliance with this new proposal and the Fair Labor Standards Act (FLSA).