Politico is reporting that DOL will announce the final overtime rule tomorrow, and that the new salary threshold for exempt executive, administrative, and professional employees will be $47,500. The duties tests for exemption were apparently left unchanged. VP Joe Biden, together with Labor Secretary Tom Perez and Sen. Sherrod Brown (D.-OH) are expected to announce the rule at an event in Columbus, Ohio.
New Overtime Rule Expected Tomorrow
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
