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• Overtime regulations haven't been significantly overhauled in more than 50 years. Employers are generally required to pay workers 1½ times their regular rate for hours worked over 40 per week.
• Currently, employees automatically qualify for overtime if they earn less than $155 a week. The proposal would raise the threshold to $455 a week. That would mean an additional 1.3 million lower-income workers who are now exempt would be eligible for overtime pay. It would be the largest increase in the pay threshold since the law was passed in 1938. • The rules would revise the duties that would make a job exempt from overtime pay. For example: Currently, in order to be exempt, administrative employees must "customarily and regularly exercise discretion and independent judgment." The revisions say that employee must simply "hold a position of responsibility." • The government estimates that at least 644,000 white-collar workers would lose overtime pay under the job duty revisions. |
