Millions more workers will be eligible for overtime pay under new federal rule

May 18, 2016 7:46 PM

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Millions more workers will be eligible for overtime pay under new federal rule

The Obama administration unveiled a new rule Wednesday that will make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups.

The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pay of 4.2 million additiona...

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