On September 24, 2019, the United States Department of Labor (DOL) issued its long-awaited final rule regarding the annual salary threshold for executive, administrative and professional (EAP) employees to qualify for overtime exemption under the Fair Labor Standards Act (FLSA).
The final rule is effective as of January 1, 2020.
Under the final rule, employees covered by the FLSA are now subject to the following exemption requirements:
The minimum salary required for an EAP employee to qualify as exempt from overtime would increase from the currently enforced level of $455 to $684 per week ($35,568 annually). This increase is lower than the $47,476 annual salary proposed by...