Perspective
Oct. 26, 2016
Wage regulations loom, suits already filed
The minimum salary required to meet the Fair Labor Standards Act white collar exemptions from overtime pay will more than double from $23,660 to $47,476 per year under new Department of Labor (DOL) regulations which go into effect on Dec. 1, 2016. By Virginia K. Young, Sharon O. Rossi and Gayle M. Athanacio
The minimum salary required to meet the Fair Labor Standards Act (FLSA) white collar exemptions from overtime pay will more than double from $23,660 to $47,476 per year under new Department of Labor (DOL) regulations which go into effect Dec. 1. Employees currently classified as "exempt" whose pay does not meet this increased compensation threshold will no longer be "exempt" employee...
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