As many of you know, last year President Obama directed the DOL to issue new regulations to "modernize and streamline" the white collar exemptions to the minimum wage and overtime requirements under the FLSA. (Keep in mind that under federal rulemaking procedures, the DOL will first issue a "Notice of Proposed Rulemaking" and allow a period of public comment before issuing a final rule.) We have been waiting for the proposed rule so that we can see what changes the DOL has in mind for these key provisions of the FLSA, which are expected to revise the current regulations for the executive, administrative, and professional exemptions.
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