DOL Floats Excluding Bonuses, Other Perks From OT Math
By Braden Campbell (March 28, 2019, 10:42 AM EDT) -- Employers wouldn't have to factor in bonuses or the value of wellness programs, paid leave cashouts, expense reimbursements and other nonwage job perks when calculating workers' overtime pay under a new rule the U.S. Department of Labor proposed Thursday.
The U.S. Department of Labor has proposed revising regulations that address what types of payments get factored in when calculating overtime pay. (Jimmy Hoover | Law360) The Fair Labor Standards Act generally makes employers pay overtime-eligible workers at one-and-one-half times their "regular rate" for each hour worked over 40. The DOL's Thursday Notice of Proposed Rulemaking on the Regular Rate under the...
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