Bill To Cut OT From Fixed Salaries Passes Calif. Panel

Law360, San Diego (May 2, 2012, 7:25 PM EDT) -- A bill meant to undo a California appeals court decision by excluding overtime hours from fixed salaries for nonexempt workers, even if they signed a private employment deal covering all wages, cleared a Democrat-controlled state Assembly panel on Wednesday.

The Assembly Appropriations Committee voted 12-5 along party lines in favor of A.B. 2103, carried by Assemblyman Tom Ammiano, D-San Francisco, that seeks to overturn a Second Appellate District ruling. That February 2011 decision weakened state overtime laws by holding that California’s labor code allows for employers...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.