New Overtime Rule Raises Salary Cutoff to $35,568
The DOL has issued its new ruling for the Fair Labor Standards Act (FLSA). The new overtime rule salary threshold was raised to $35,568. This means that employees under this cut off are now eligible for overtime pay. This rule will take effect on January 1, 2020. The previous salary cut off was set at $23,660.
“The new rule is expected to prompt employers to reclassify more than a million currently exempt workers to nonexempt status and raise pay for others above the new threshold.”