Home » News
Filter by category:

Trump Administration Issues Proposed Overtime Rule

 

On March 8, the Department of Labor issued a proposed rule to expand overtime eligibility, setting the threshold at $35,308 ($679 per week), compared to the current $23,660 ($455 per week). The proposed rule does not include automatic inflation adjustments as the Obama Administration rule required. The $35,308 threshold is close to Labor Secretary Alexander Acosta’s suggested overtime salary during his confirmation hearings, but well below the $47,500 that the Obama Administration would have imposed.

Late in December 2016, a U.S. District Court Judge for the Eastern District of Texas blocked the Obama Administration’s final overtime rule just days before it was to go into effect. PMAA welcomed this news because if the overtime rule were to be implemented, many employers would be faced with the possibility of reducing hours worked to 40 or less per work week. Management would also need to be diligent in watching hours worked for those employees who do not meet the salary requirements or would be legally obligated to pay overtime pay at a rate of 1-1/2 times their normal rate of pay for all hours worked over 40. Lastly, by increasing the threshold for overtime-eligible employees, companies could be forced to cut bonuses and benefits to boost the managers’ base salaries and lower hourly rates to compensate for the expense of paying salaried managers more.

The Small Business Legislative Council (SBLC), in which PMAA is a member, will be commenting on the proposed rule.

Federal Labor







RINAlliance Seneca Companies LMC Insurance & Risk Management EMC Insurance Unified Contracting Services Renewable Energy Group Altria PMMIC Insurance Heartland Payment Systems Flint Hills Wellmark Federated Insurance Sinclair BP Cylinder Express Acterra Group Molo Petroleum Land Mark Products Farner-Bocken Company a Division of Core-Mark Central Bank Shell Phillips 66 Valero Community Oil Company Growmark Energy McGowen, Hurst, Clark & Smith PC
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About FUELIowa   |    Site Map   |    Privacy   |    Contact Us   |    ©2019 FUELIowa, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About FUELIowa
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0502
©2019 FUELIowa, All Rights Reserved