|
|
|
|
 |
|
DOL Proposes Changes to Federal Overtime Pay Exemptions |
Proposal Subject to Change
The U.S. Department of Labor (DOL) is proposing to change the minimum salary that administrative, computer, executive, professional, and "highly compensated" employees must receive in order to be exempt from overtime pay under federal law. Under the proposal:
- The minimum salary required for an administrative, computer, executive, or professional employee to be exempt would increase from $455 to $679 per week.
- The total annual compensation required for "highly compensated employees" to be exempt would increase from $100,000 per year (including at least $455 per week) to $147,414 per year (including at least $679 per week).
- Employers would be able to count certain bonus and incentive payments (including commissions) toward a portion of the salary level.
Though this proposal is still subject to change, the DOL currently anticipates changes to the salary levels to become effective in January 2020.
If you have questions please contact us at 816.654.6800 or email info@hrfuzion.com.
|
|
| |
|
|
HR Fuzion, LLC - All rights reserved | 110 N. Main, Liberty, MO 64068
| Liberty, MO 64068 | 816.654.6800
|
Please Note: The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources which we believe to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a 'covered opinion' or other written tax advice and should not be relied upon for any purpose other than its intended purpose.
The information provided herein is intended solely for the use of our clients and members. You may not display, reproduce, copy, modify, license, sell or disseminate in any manner any information included herein, without the express permission of the Publisher. Kindly read our Terms of Use and respect our Copyright.
© 2019 HR Fuzion, LLC. - All rights reserved
|
|
|
|
|
