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NASE Joins Coalition
NASE Joins Coalition Ahead Of DOL Announcement On
New Overtime Regulations.
The NASE has joined the Partnership to Protect Workplace Opportunity in advance of the Department of Labor’s proposed new overtime regulations, expected to be released before Memorial Day.
On March 13, 2014, President Barack Obama issued a memorandum directing DOL to “modernize” the FLSA overtime regulations governing eligibility for the white collar exemption. On July 6, 2015, DOL published proposed changes to the regulations. The proposed regulation would increase the salary threshold for exempt employees. DOL proposes increasing the current threshold of $455 per week ($23,660 annually) by 113% to $970 per week (or $50,440 per year), which the agency estimates will be the 40th percentile of earnings for all full time salaried workers in 2016.
DOL has submitted the final rule to the Office of Management and Budget (OMB) for final review—this is the final step before the Overtime rule is published. We anticipate the final rule to be released sometime in the early summer.
The Coalition is surveying small businesses to fully understand the impact of the proposed regulations on your business, please complete the survey here.
Katie Vlietstra is NASE’s Vice President for Government Relations and Public Affairs.