Ever sat at work on a weekend or late in the evening wondering why you didn’t qualify for overtime? Salary threshold rules have not been adjusted for inflation since 1975 and currently reflect a maximum amount of $23,660 per year. The new proposed changes to the law would raise this limit to $47,476 per year, allowing a larger segment of the salaried population to qualify for paid overtime. As this legislation is coming at the end of President Obama’s term, it remains to be seen how it will fare with a new administration, but for the moment this is one more step toward fair pay for a whole new set of employees.
