Department of Labor Proposes New Overtime Rules

Monday, August 31, 2015

Original Article by Ken Winkler of http://www.bfvlaw.com >

On June 30, 2015, the U.S. Department of Labor (“DOL”) Wage and Hour Division issued proposed regulations which, if adopted, could significantly increase the number of individuals who are eligible for overtime pay.  The DOL’s proposed changes are in response to President Obama’s March 2014 Presidential Memorandum directing the DOL to simplify the overtime regulations and make overtime available to more employees. The DOL estimates that 4.6 million workers who are now classified as exempt under the current regulations will become overtime-eligible under the proposed regulations without some intervening action by their employers.  Visit Harless' Tax Planning Page >

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