National Overtime Law
On March 13, 2014, President Obama signed a memorandum ordering the Labor Department to create new overtime rules that could make millions of workers eligible for overtime pay.
Employees who are classified as “executive or professional” under the 1938 Fair Labor Standards Act could be eligible for time-and-a-half under the proposed changes. The rules are aimed at salaried workers who make more than $455 per week and those who are ineligible for overtime because they are designated as management; this could include fast food managers, loan officers, computer technicians and many other occupations. It is expected that approximately 3.1 million people may be covered by new overtime requirements.
Changes in the regulations will be subject to public comment before they are approved and a proposed rule is not expected until fall 2014.