Breaking News! The Department of Labor just announced a Notice of Proposed Rulemaking that would adjust the FLSA minimum salary requirement for exempt level staff.
Under the current law, employees with weekly pay of less than $455 ($23,660 annually) must be classified as non-exempt and are subject to overtime pay for all hours worked over 40 per work week. The proposed new rule will increase that weekly pay to $679 ($35,308 annually). The projected implementation date of the new rule is January 1, 2020.
Once published the Department of Labor will be seeking public comment on the proposed new rule. The comment period will last 60 days. If you’d like to make a comment electronically go to www.regulations.gov and look for rulemaking docket RIN 1235-AA20. For a detailed report of the proposed rule go to www.dol.gov/whd/overtime2019.
Follow Ketel Thorstenson on social media for future updates.