Department of Labor Proposes Overtime Rule
Posted on Wednesday, July 1, 2015 3:33 PM
The U.S. Department of Labor (DOL) announced a proposed rule that would extend overtime pay to nearly 5 million workers, increasing the overtime exemption threshold from a yearly salary of $23,660 to $50,440.
The current salary level under which administrative, executive, and professional employees are eligible for overtime compensation is $23,660 per year, or $455 per week on a salary or free basis. The new regulation changes the annual salary for overtime eligibility to $50,440 or $921 per week on a salary of fee basis.
Additionally, the proposed rule provides "further clarification" about which employees are eligible for overtime. NAHC is currently analyzing the 295-page rule to determine its impact on home care and hospice agencies.
to see the proposed rule.
to read more.