DOL Announces Final Overtime Rules

On September 24, 2019 the DOL announced the final overtime rules. Effective January 1, 2020 the annualized salary requirement to be classified as an exempt salary employee will change to $35,568. This is an increase from $23,660. The annualized salary requirement for exempt salary classification has not been changed since 2004.

Employers who have employees who are coded as exempt salary and are earning less than $35,568 annually by January 1, 2020 must either change their salary to the new annualized amount or change their Fair Labor and Standard Act (FLSA) classification to non-exempt, making them overtime eligible.

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