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.

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David Baumann

Credit Union Times

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