August 30, 2023
Round-up: Biden Administration Proposes New Overtime Threshold
The U.S. Department of Labor has issued a proposed rule lifting the overtime pay cutoff for salaried workers to $55,000 from the $35,000 threshold set during the Trump Administration. It is estimated that about 3.6 million would effectively gain overtime pay eligibility under the proposed rule, according to the department.
While the rule maintains the educator exemption, it will have substantial impact on the budgets of many private, nonprofit colleges and universities.
A sampling of coverage of the announcement by the national media includes:
The Associated Press (August 30, 2023)
Overtime Pay to Be Extended to Millions of Workers Under Biden Administration Plan
The Wall Street Journal (August 30, 2023)
Labor Department Proposes Vast Expansion of Overtime Eligibility
The New York Times (August 30, 2023)
Overtime Pay Would Cover Millions More Workers Under Proposed Biden Rule
The Washington Post (August 30, 2023)
Biden Rule Would Give Overtime Protections To Millions More Workers
The Hill.com (August 30, 2023)