The proposed rule would raise the threshold under which workers are automatically eligible for overtime pay to about $55,000 a year, from the current level of about $35,000.
The proposed rule would raise the threshold under which workers are automatically eligible for overtime pay to about $55,000 a year, from the current level of about $35,000.
I imagine a lot of Salaried people making $53-55K are going to get a raise to about $56K.
I don’t understand what is happening here, you only qualify for overtime if you make less than a certain amount?
It’s complicated because, of course it is. There is salary exempt and salary non-exempt. To this day, I do not know which is which I just know that I’m the kind of salaried that doesn’t get overtime pay and I’m sure I never will. Maybe someone smarter than me will chime in.
You’re exempt from OT laws. That’s how you remember.