The DOL’s Final Overtime Rule: Survival Strategies for Nonprofit OrganizationsOn May 23, 2016 by Schnader
Under the Department of Labor’s final overtime rule, the threshold salary level for white collar exempt employees will increase from the current $455 per week to $913 per week ($47,476 per annum) on December 1, 2016. The new rule also increases the exempt annual salary threshold for highly compensated employees from $100,000 to $134,004. These salary thresholds will automatically adjust every three years, making it likely that the white collar exempt employee salary threshold will rise above $50,000 in a few short years.
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