"Upcoming Changes to Overtime Pay Rules: Key Points"
TL;DR Summary
The U.S. Department of Labor will implement new overtime rules starting July 1, 2023, making salaried employees earning $43,888 or less annually eligible for overtime pay. The threshold will increase again in 2025 and 2027, potentially qualifying 4 million more workers for overtime. Some professions and states with higher thresholds are unaffected.
Topics:business#department-of-labor#fair-labor-standards-act#labor-law#overtime-pay#salary-threshold#workers-rights
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