On September 24, 2019, the U.S. Department of Labor (DOL) issued its final overtime rule as it relates to the minimum salary threshold for exempt employees. The DOL estimates that 1.3 million workers will be eligible for overtime pay as a result of its final rule. The final rule is set to take effect on January 1, 2020.
What does the new rule mean for “salaried” employees?
If you are a “salaried” employee, you must be paid at least $684 per week or $35,568 annually. If not, but you still work over 40 hours per week, you may be entitled to overtime wages. Through the end of 2019, the Fair Labor Standards Act (FLSA) requires that salaried employees be paid at least $455 per workweek ($23,660 annually for a full-time worker).
If you have questions, please contact the wage and hour attorneys at Bryant Legal, LLC to discuss whether you are entitled to overtime wages in more detail. We are located in Toledo, Ohio and Columbus, Ohio.