Today the NASE threw its full support in favor of new efforts in the Senate to phase-in the DOL's new salary threshold. S. 3464, the Overtime Reform and Review Act. Introduced by Chairman of the HELP Committee, Senator Alexander (R-TN) and co-sponsored by Senators Scott (R-SC), Lankford (R-OK), and Flake (R-AZ). This reasonable legislation would phase-in the DOL’s new salary threshold in four stages over five years, starting with a substantial salary threshold increase to approximately $36,000 on December 1, 2016, followed by a “pause year” in 2017 to allow employers to review and adjust for the consequences of this new rule. Further increases to the salary level would occur annually thereafter, until reaching the final rule’s new threshold of $47,476 on December 1, 2020. The NASE is encouraging its members to contact their Senators and express support for this important legislation. Senate Overtime Bill S.3464
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Courtesy of NASE.org https://www.nase.org/about-us/media-relations/nase-in-the-news/2016/10/06/nase-supports-senate-overtime-bill