New Overtime Pay Eligibility Rule to Impact Over 4 Million U.S. Workers
Allwork
APRIL 24, 2024
According to a report published by CNN Politics , the new rule, set to take effect on July 1, will raise the salary threshold under which salaried employees qualify for overtime pay in two stages — initially increasing it to $43,888 per year ($844 per week) and then to $58,656 per year ($1,128 per week) on January 1, 2025. The administration estimates (..)
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