U.S. Department of Labor Announces Final Overtime Rule
Today, more than 1.3 million Americans became eligible for overtime under the Federal Labor Standards Act (“FLSA”), with the increase of the salary threshold going from $455 per week (or $23,660 per year) to $684 per week (or $35,568 per year). The new rule will be implemented on January 1, 2020. This is the first time the salary threshold has…