While the draft final overtime regulation applicable to the “white collar” (executive, administrative and professional) exemptions from overtime has not yet been released, sources indicate that the new threshold will be $47,000 per year – slightly lower than the $50,440 threshold initially announced.
Leech Tishman issued an alert about the proposed rule here. The most significant proposed change is to the salary threshold for the exemption for “white collar” employees. The final rule is predicted to be released this summer.
Leech Tishman’s Employment Practice Group has extensive experience advising clients on their obligations under the Fair Labor Standards Act and applicable state wage and hour laws, and will continue to monitor movement of the proposed rule and challenges thereto. We are available to assist your organization in understanding and preparing for the changes proposed by the rule.
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Leech Tishman Fuscaldo & Lampl is a full-service law firm dedicated to assisting individuals, businesses, and institutions. Leech Tishman offers legal services in alternative dispute resolution, bankruptcy & creditors’ rights, construction, corporate, employee benefits, employment, energy, environmental, safety & toxic torts, estates & trusts, family law, government relations, immigration, insurance coverage & corporate risk mitigation, intellectual property, internal investigations, international legal matters, litigation, real estate, and taxation. Headquartered in Pittsburgh, PA, Leech Tishman also has offices in Chicago, Los Angeles, New York and Wilmington, DE.