DOL Publishes Proposed Overtime Rule Expected to Extend Overtime Pay to 3.4 Million Workers
Today, the U.S. Department of Labor (DOL) released its “Overtime Rule” to extend overtime protections to an estimated 3.4 million additional salaried workers. While the proposed rule has little relevance for unionized construction craftworkers, it may alter whether other employees of SWACCA member companies are eligible for overtime when they work more than 40 hours in a week.
The proposal raises from $684 per week/$35,568 annually to $1,059 per week/$55,068 annually the threshold salaried workers must be paid above before their job duties can be assessed to determine if they are overtime exempt executive, administrative, professional, or outside sales employees. Today’s proposed regulation also raises from $107,432 to $143,988 the annual salary threshold workers must be paid above before they can be treated as “highly compensated employees” who can be deemed exempt executive, administrative, professional, or outside sales employees under a less exacting assessment of their job duties. The proposed rule also provides a mechanism to automatically increase these thresholds every three years.
Comments on the proposed rule are due by November 7, 2023 and can be submitted here using RIN 1235-AA39.
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