Obama extends overtime pay to 4.2 million Americans

May 18, 2016 2:09 PM

11 0

The Department of Labor on Wednesday will finalize a rule extending overtime protections to 4.2 million more Americans currently not eligible under federal law, boosting wages by $12 billion over the next 10 years, the White House said Tuesday evening.

The updated rule, which takes effect Dec. 1 and doubles the salary threshold below which workers automatically qualify for time-and-a-half wages to $47,476 from $23,660 a year, or from $455 to $913 a week. Hourly workers are generally guaranteed overtime pay regardless of what they make.

Also watch: Jay Cutler will have season-ending surgery so here are his 2017 options

Read more

To category page

Loading...