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Posts tagged "DOL"

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20 May New Overtime Rules: All That Glitters Is Not Gold

Fair Labor Standards Act | BT Currents

With apologies to Shakespeare (the above phrase is a slight corruption of his original line from Merchant of Venice, “All that glisters is not gold”), we continue our coverage of the Department of Labor’s (DOL) controversial – to say the least – new overtime regulations. To catch everyone up, earlier this week the DOL issued its final regulations that more than doubled the minimum salary necessary to be considered for the key exemptions from overtime compensation under the Fair Labor Standards Act (FLSA). As of…

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18 May UPDATED: DOL Unveils New Overtime Regulations

Fair Labor Standards Act | Kathleen Anderson

The Department of Labor (DOL) released its anticipated updated white collar exemption rule on May 18.  The new rule will take effect on Dec. 1, 2016, giving employers more time than anticipated to plan for necessary changes.   Vice President Joe Biden is expected to make the formal announcement in Columbus, Ohio, at the beloved Jeni’s Splendid Ice Cream headquarters at 2:30 pm EDT.   According to the White House, “the new rule is expected to extend overtime protections to 4.2 million more Americans who…

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17 May Department of Labor to Issue Finalized White Collar Exemption Rule on Wednesday, May 18

Fair Labor Standards Act | Kathleen Anderson

Amid rampant predictions, late on Tuesday, May 17, the White House has announced that the Department of Labor’s (DOL) highly anticipated new white collar exemption rule will be unveiled on Wednesday, May 18.  The new rule will take effect on Dec. 1, 2016, giving employers more time than anticipated to plan for necessary changes.   According to the White House, “the new rule is expected to extend overtime protections to 4.2 million more Americans who are not currently eligible under federal law, and it is…

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19 Apr 11th Hour Questions about DOL’s Overtime Rules

Fair Labor Standards Act | Jeanine Gozdecki

As the DOL’s final proposal nears reality, the expected economic impact is making some members of Congress very nervous.   Even supporters of the Department of Labor’s (DOL) upcoming overtime regulations (anticipated to be released in final form sometime soon)  are raising last-minute concerns about the regulations’ potentially adverse impact on businesses– small businesses in particular.   The expected revised DOL regulations on overtime will affect the exempt status of an estimated five million white-collar employees.  The DOL has proposed a salary threshold of $970 per…

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23 Mar EMPLOYERS BEWARE! – DOL’S FINAL OVERTIME RULE COMING SOON!

Fair Labor Standards Act | Mark Kittaka

  As we have covered in the past blog posts last summer and updated in the fall, the Department of Labor (DOL) has proposed a controversial change to the overtime exemptions for white collar workers which would drastically increase the amount of the minimum salary required to be qualify as an employee “exempt” from overtime. The big question on the minds of companies all over the country has been when will the rule be effective?   According to the Semi-Annual Regulatory Agenda of Fall 2015,…

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