Beginning July 1, 2024, the new DOL rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay. The new overtime rule increases the FLSA salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week). This ne...
The salary threshold will increase to $1,128 per week ($58,824 annually) on January 1, 2025. Starting in 2027, the salary threshold will be automatically updated every three years to keep pace with changes in worker pay.
Fifth Circuit Ruling: 2019 Salary Threshold Increase Did Not Exceed Authority BySeyfarth Shaw LLP,Ariel D. Fenster,A. Scott Hecker,Noah A. Finkel&Kevin YoungonSeptember 12, 2024 Posted inFair Labor Standards Act,FLSA Seyfarth Synopsis:On September 11, 2024, a panel of the U.S. Court of Ap...