Vice President Joe Biden is expected to announce the official release of the U.S. Department of Labor’s new overtime rule this afternoon in an appearance at Jeni’s Splendid Ice Cream in Columbus, Ohio. I’ll post the rule, which will change the white-collar overtime exemptions to the Fair Labor Standards Act, as soon as it’s available. Meanwhile, the DOL has already released the outline of the rule’s provisions (minimum salary to qualify is being raised from $23,660 to $47,476, adjusted for cost of living every three years; no change to duties test).
There has been some good news coverage this morning. Here are some links to whet your appetite while we wait for the official word:
From The Wall Street Journal: Obama Administration Extends Overtime Pay to Millions
From The New York Times: White House Increases Overtime Eligibility by Millions
From Marc Freedman of the U.S. Chamber of Commerce: Icing on Overtime Cake: Plaintiffs’ Bar Getting Ready
Here’s what’s on the DOL website right now: The Overtime Rule
And a Fact Sheet issued by the White House: Growing Middle Class Paychecks and Helping Working Families Get Ahead (RES – We’ll see. I hope so.)
UPDATE (9:03 a.m.): Here’s more from the DOL:
DOL Fact Sheet on the Final Rule
DOL Blog Post on the Final Rule: Plenty of Options with New Overtime Rule
Meanwhile, attorneys in our Wage and Hour Practice Group are expected to have a client bulletin on the rule today or tomorrow, which I’ll post as soon as it’s ready.
Don’t go away!
Image Credit: From flickr, Creative Commons license, by Rochelle Hartman.
