Archived Posts - September 2019

U.S. Department of Labor Issues Final Overtime Rule, Effective Jan. 1, 2020

  • 9/26/19 |
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U.S. Department of Labor Issues Final Overtime Rule, Effective Jan. 1, 2020
Tuesday, September 24, 2019, the U.S. Department of Labor issued their final ruling on overtime pay for companies operating in the U.S. These new thresholds account for growth in employee earnings since the current thresholds were set in 2004. The new ruling takes effect on Jan. 1, 2020, and is expected to make 1.3 million more American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). The Current Rules Through Dec. 31, 2019, the current rules regarding overtime will remain in effect: The standard salary level is $455 per week, equivalent to $23,66 …