DOL's Final Rule Doubles Minimum Salary Required for White Collar Exemptions Under the FLSA | Practical Law
On May 18, 2016, the Department of Labor (DOL) announced it will publish a Final Rule updating the overtime exemption regulations of the Fair Labor Standards Act (FLSA). The final rule doubles, from $455 to $913 per week (or $23,660 to $47,476 annually), the minimum salary required for exemption of executive, administrative, and professional employees, as well as the minimum compensation level for the highly compensated employee exemption. The Final Rule will be available at the Federal Register site and becomes effective December 1, 2016.