This morning, the DOL issued the final rule governing exemptions from overtime. As expected, the salary threshold for eligibility has increased – from $455 per week to $913 per week ($47,476 per year). This increase is slightly lower than originally anticipated. The final rule goes into effect on December 1, 2016, and includes automatic increases to the salary threshold every three years. The final rule does not change the duties test for exempt executive, administrative or professional employees.
Expect additional posts on the details of the final rule over the next few weeks.
The DOL announcement and link to the rule are here: https://www.dol.gov/featured/overtime