DOL finalizes $35K overtime threshold

DOL finalizes $35K overtime threshold

The U.S. Department of Labor (DOL) announced today it will publish a final overtime rule, setting the minimum salary threshold for overtime eligibility at $35,568. The regulations implement the Fair Labor Standards Act (FLSA)’s overtime mandate and, according to a senior DOL official, will make an estimated 1.3 million additional U.S. workers eligible for overtime pay. The final rule will be effective Jan. 1. Employee advocates think the new threshold was too low and have spoken out against it for being lower than that proposed by the Obama administration in 2015. Heidi Shierholz, former chief economist at DOL during the Obama administration and current senior economist at progressive think tank Economic Policy Institute, wrote in a blog¬†last week that the DOL’s proposal “is a dramatic weakening of a rule published just three years ago.” The group estimates more than 8 million workers who would have been eligible for overtime under the enjoined rule would not be under the new rule.

https://www.constructiondive.com/news/breaking-dol-finalizes-35k-overtime-threshold/563592/

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