By Elizabeth A. Coonan
Despite vocal opposition from the business community, the Department of Labor has released a final rule providing for substantial changes to the overtime exemption provisions of the Fair Labor Standards Act (FLSA). The final rule, effective December 1, 2016, will:- Double the salary threshold from $455/week ($23,660 per year) to $913/week ($47,476 per year);
- Automatically increase the salary threshold every three years; and
- Increases the Highly Compensated Employee Exemption to $134,004.
We will continue to update
you regarding the far-reaching implications of this significant development. In the
meantime, contact Beth Coonan or or any of our Employment & Labor Law Practice Group Members for more information about the impact of these
sweeping changes on your business.
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