New overtime protections for 1 million workers. Thanks, Biden.
Most of the news stories date back to April, when the rule was initially announced: New Biden rule would make 4 million white-collar workers eligible for overtime pay, USA Today, Paul Davidson Millions more salaried workers will be eligible for overtime pay under final Biden administration rule, CNN, Tami Luhby Millions more salaried US workers are set to be eligible for overtime pay starting July 1, AP - Business, Wyatte Grantham-Philips Millions of salaried workers to become eligible for overtime under new Biden rule, Tennessee Lookout, Ariana Figueroa From the AP story:
The move marks the largest expansion in federal overtime eligibility seen in decades. Starting July 1, employers will be required to pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles, the Labor Department said Tuesday. That cap will then rise to $58,656 by the start of 2025.Starting July 1, 2027, the rule requires Labor to adjust the salary threshold every three years to account for updated wage data. Acting Labor Secretary Julie Su: "So often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. This is unacceptable."