Source: Reuters
“The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule that was struck down in court. The U.S. Department of Labor rule will require employers to pay overtime premiums to workers who earn a salary of less than $1,128 per week, or about $58,600 per year, when they work more than 40 hours in a week. The current salary threshold of about $35,500 per year was set by the Trump administration in a 2020 rule that worker advocates and many Democrats have said did not go far enough. The rule does not affect overtime requirements for workers who are paid hourly.” (04/23/24)
https://www.reuters.com/world/us/biden-rule-grants-overtime-pay-4-million-us-workers-2024-04-23/