"New Federal Overtime Rules Spark Lawsuits and Business Concerns"
TL;DR Summary
The U.S. Department of Labor will implement new overtime rules starting this summer, making millions of salaried workers earning $43,888 or less annually eligible for overtime pay. The threshold will increase again in 2025 and 2027, with future adjustments every three years. The changes are expected to affect 4 million workers, though some professions and states with higher thresholds are exempt.
Topics:business#department-of-labor#employment-regulations#fair-labor-standards-act#labor-law#overtime-pay#salary-threshold
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