NEWS & EVENTS
Stronger communities are built through diverse and thriving businesses.
Overtime Regulation Update
Name:
Overtime Regulation Update
Date:
June 14, 2016
Time:
8:00 AM - 9:30 AM EDT
Registration:
Register Now
Event Description:
Presentation regarding the new Overtime Regulations presented by the Goshen Chamber and Yoder, Ainlay, Ulmer, & Buckingham LLP.
The final rule increases the salary threshold under which most employees will be automatically eligible for overtime pay. The current salary level required for exemption is $455 a week ($23,660 for a full-year employee), which was last updated in 2004, and the new exemption threshold will be $913 a week, or $47,476 per year.
In addition, the change in the salary threshold also includes an automatic adjustment every three years.
The overtime rule leaves intact the current so-called "duties test" that determines whether or not certain employees are eligible for overtime even if they make more than the new $47,476 threshold amount. To be eligible for this exemption, an employee's job duties must primarily involve executive, administrative, or professional duties as defined by DOL's regulations
The final rule increases the salary threshold under which most employees will be automatically eligible for overtime pay. The current salary level required for exemption is $455 a week ($23,660 for a full-year employee), which was last updated in 2004, and the new exemption threshold will be $913 a week, or $47,476 per year.
In addition, the change in the salary threshold also includes an automatic adjustment every three years.
The overtime rule leaves intact the current so-called "duties test" that determines whether or not certain employees are eligible for overtime even if they make more than the new $47,476 threshold amount. To be eligible for this exemption, an employee's job duties must primarily involve executive, administrative, or professional duties as defined by DOL's regulations
NEWS FEED
VISIT
