The Huffington
Post reports the Obama Administration is making good on its promise to bring
more employees under the protections of the Fair Labor Standards Act:
On
Monday, the White House unveiled a major reform that should guarantee overtime
coverage for salaried workers earning less than $50,440 per year. If the
proposal goes into effect in 2016 as planned, an estimated 5 million new
workers will be eligible for time-and-a-half pay, the standard overtime rate in
the U.S., whenever they work more than 40 hours a week.
Under current
law, professional, executive or administrative employees are exempt from
overtime law as long as they earn $455 per week. That comes out to $23,660 per
year. If the White House’s proposal becomes law then such employees making less
than $970 per week, or $50,440 per year, will be entitled to receive overtime
pay.
