U.S. Department of Labor Seeking Public Comments on New Overtime Rule

The U.S. Department of Labor (DOL)’s proposed new overtime rule was published in the Federal Register. The new rule would:

 

  • Raise the salary minimum for exemption as an executive, administrative, or professional employee from $455 per week ($23,660 per year) to $679 per week ($35,308 per year).
  • Allow employers to satisfy up to 10% of the salary minimum through non-discretionary bonuses, incentives, and/or commissions that are paid annually or more frequently.
  • Raise the threshold for exemption as a “highly compensated employee” to $147,414 in total annual compensation.
Members of the public can submit written comments on the proposed rule here until May 21, 2019.