The Department of Labor issued final rules on May 18 that will more than double the salary threshold for overtime pay – making an additional 4.2 million employees eligible for OT.
The department's rules, which become effective Dec. 1, increase the threshold exemption from $455 per week to $913 each week. That represents a decrease from the threshold of $970 the department originally proposed last year, when it said that an additional 4.6 million workers would be eligible for overtime.
The minimum salary threshold will be updated every three years beginning in 2020.
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