Labor Department Issues Final OT Expansion Rule

Law360, New York (May 18, 2016, 8:48 AM EDT) -- The U.S. Department of Labor issued the final version of a much-anticipated overtime exemption rule Wednesday, raising the minimum salary threshold required to qualify for the Fair Labor Standards Act's “white collar” exemption to $47,476 per year.

Labor Secretary Thomas Perez, second from left, and Vice President Joe Biden, center — seen here with other members of the Cabinet in February — are expected to hold a formal event Wednesday in Ohio touting the newly finalized overtime rule. (Credit: AP) The final rule had been proposed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.