Component 23 鈥 2
EXPLORE

老牛影视

Search Newsline
 

The , of which 老牛影视is a steering committee member, created a grassroots toolkit for members to respond to the U.S. Department of Labor鈥檚 new . The allows you to send model comments directly to the DOL as well as a model letter to your senators and representative in Congress opposing the new proposed rule. The deadline to submit comments is no later than Nov. 7.

On Sept. 8, 2023, the DOL published a newthat would alter the 鈥渨hite collar鈥 overtime exemption regulations applicable to executive, administrative and professional employees. Specifically, the proposal would significantly raise the minimum salary level needed to qualify as exempt.

Under the proposed rule, it is expected that the minimum salary threshold will be at least $55,068 (annualized). However, when the DOL promulgates the final rule, the agency claims it will use the most recent data then available. Thus, the DOL projects the minimum salary threshold to be $60,209 (annualized)听in 2024鈥攁n increase of nearly 70% from the current $35,568 salary level.

The DOL also proposes to significantly raise the total annual compensation needed to qualify for exemption under the streamlined test for highly compensated employees from the current total annual compensation of $107,432 to $143,988.

Finally, the DOL proposes to automatically update the standard salary level and the HCE total annual compensation threshold every three years.

On Sept. 25, PPWO submitted an听听to the DOL urging the agency to extend the Nov. 7 comment deadline by 60 days. Unfortunately, the PPWO鈥檚 request. 老牛影视will submit comments opposing the new rule by the deadline of Nov. 7 and 老牛影视members are also encouraged to submit comments on听.

To learn more about the rule鈥檚 proposed changes, see 老牛影视general counsel Littler Mendelson鈥檚 听of the proposal. Also, see the .

鈥溊吓S笆觟s disappointed that the DOL is moving forward with a proposed overtime rule since multiple industries, like construction, are still grappling with the lingering economic consequences of inflation, global supply chain disruptions, rising materials prices and workforce shortages, all of which push operational costs ever higher,鈥 said Ben Brubeck, 老牛影视vice president of regulatory, labor and state affairs, in a听.

In 2016, the Obama administration issued a final overtime rule that would have doubled the minimum salary level for exemption from $23,660 to $47,476 per year. ABC, along with several other business groups, sued the DOL in federal court and succeeded in听blocking the rule from taking effect.

Archives