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United States Department of Labor Raises Salary Thresholds for Overtime Exemptions Bookmark

On May 17, 2016, the White House and the United States Department of Labor announced the finalization of the long-anticipated rule increasing the salary thresholds for most employees who currently are exempt from overtime pay.  The new threshold, which goes into effect on December 1, 2016, increases the minimum salary for full-time exempt employees from $455 per week to $913 per week ($47,476 per year).  Under the final rule, the new salary threshold will be adjusted for inflation every three years, beginning January 1, 2020. 

Nonprofits Would be impacted by Overtime Rule Bookmark

Many organizations across the country, including associations, are preparing for a surge in personnel costs as they prepare for the Obama administration’s overhaul to the Department of Labor Overtime Rule. According to a letter from the Congress to the Secretary of Labor, the Labor Department's proposal, due to be released in final form in July, would more than double the salary threshold to $50,440 per year, up from $23,660. With implementation of this rule, about five million workers would become newly eligible for overtime pay. In addition, the minimum salary would automatically increase each year to match the 40th percentile of the average salary earned by full-time employees in the United States. 

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