Biden finalized a rule that increases the overtime pay threshold for salary workers, despite a similar rule being struck down by a federal judge.
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The Biden administration finalized a new rule on Monday that increases the overtime pay threshold for salary workers, despite a similar rule being struck down by a federal judge during the Obama administration.
StartingonJuly1,2024,theDepartmentofLabor(DOL)isincreasingitsannualsalarythresholdforthoseeligibletoreceivetime-and-a-halfpaywhenworkingmorethan40hoursperweekfrom$35,568to$43,888,accordingtoanannouncementfromtheDOL.TheObamaadministrationtriedtoissueasimilarrulein2016,raisingthethresholdforeligibilityforovertimepayto$47,000peryearbutwasstruckdownbyafederaljudgeinTexas,whosaidthattheincreasewastoohighandthatitincludedsomemanagementworkerswhoaretypicallyexemptfromovertimepayprotections.(RELATED:BidenRegulatorsTakeAimAtYetAnotherMulti-BillionDollarDealInAntitrustCrackdown)
“Thisrulewillrestorethepromisetoworkersthatifyouworkmorethan40hoursinaweek,youshouldbepaidmoreforthattime,”JulieS
