New Federal Overtime Rule Challenged
You might have read Cardinal’s recent Employer Alert (https://cardinalservices.com/new-federal-overtime-rule/) that the U.S. Department of Labor [DOL] is changing the minimum salary thresholds for employees that are exempt from overtime. The published deadlines for the change in salary thresholds are as follows: July 1, 2024: The salary threshold increases from $684 per week [$35,568 per year) to $844 per week [$43,888 per year). January 1, 2025: The salary threshold increases to $1,128 per week [$58,656 […]