Hi. Yeah, the Department of Labor just raised the salary threshold to qualify for overtime. And it's good news. It means more of you are now eligible for overtime if you're *** lower paid salaried employee. Stick with me here under the Fair Labor Standards Act. If you work more than 40 hours *** week, you are entitled to overtime at least time and *** half. Unless you're exempt. Maybe your boss or hr have called you that exempt from overtime. That's salaried employees like executives or administrative and professional employees making at least 35 $5568 *** year. But now the Department of Labor has raised that salary overtime limit to $43,888 *** year. So as of July 1st, salaried employees making up to that amount are now eligible for overtime. The earnings threshold increases again on January 1st 2025 to $58,656 *** year. It'll be raised again in 2027 and every three years after that more, you're making overtime makes me happy back to you.
Rossen Reports: New overtime rules, see if you qualify here
Updated: 1:55 PM CDT Jul 10, 2024
The Department of Labor just raised the salary threshold to qualify for overtime – and it’s good news. It means more of you are now eligible for overtime if you are a lower-paid salary employee.Under the Fair Labor Standards Act, if you work more than 40 hours a week, you’re entitled to overtime – at least time-and-a-half – unless you’re exempt. That’s salaried employees, like executives, or administrative and professional employees, making at least $35,568 a year.Now, the Department of Labor has raised that salary overtime limit to $43,888 a year. So as of July 1, salary employees making up to that amount are now eligible for overtime.The earnings threshold increases again on January 1, 2025, to $58,656 a year. Then it'll be raised again on July 1, 2027, and every three years after that.For more information about whether or not you qualify for overtime, you can read through the Department of Labor’s ruling here.Have a question for Jeff Rossen? He’s answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com.
The Department of Labor just raised the salary threshold to qualify for overtime – and it’s good news. It means more of you are now eligible for overtime if you are a lower-paid salary employee.
Under the Fair Labor Standards Act, if you work more than 40 hours a week, you’re entitled to overtime – at least time-and-a-half – unless you’re exempt. That’s salaried employees, like executives, or administrative and professional employees, making at least $35,568 a year.
Now, the Department of Labor has raised that salary overtime limit to $43,888 a year. So as of July 1, salary employees making up to that amount are now eligible for overtime.
The earnings threshold increases again on January 1, 2025, to $58,656 a year. Then it'll be raised again on July 1, 2027, and every three years after that.
For more information about whether or not you qualify for overtime, you can read through the Department of Labor’s ruling here.
Have a question for Jeff Rossen? He’s answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com.
