Worker advocates and key stakeholders are welcoming the U.S. Labor Department’s just-announced final overtime rule, which will make millions more lower- and middle-class workers eligible for overtime pay.
The final rule raises the overtime salary threshold to $913 per week, or $47,476 per year. Salaried workers who earn less than that amount must be paid time-and-a-half for hours worked above 40 hours per week. The updated rule will take effect on December 1, 2016.
The updated threshold more than doubles the previous level of $455 per week, or $23,660 per year. An estimated 12.5 million salaried workers will directly benefit from the new rule, according to the Economic Policy Institute.
National experts will review the details of the long-awaited rule and discuss its effects on working families, the employer community (including non-profit groups and educational institutions), and the nation’s economy on a press call hosted by the National Employment Law Project, the Economic Policy Institute, and the AFL-CIO.
WHAT: Tele-press briefing on the U.S. Labor Department’s final overtime rule
WHEN: Today, Wednesday, May 18, 12:30-1:30 pm ET
CALL-IN INFO: (630) 691-2748
Confirmation #: 42601416
WHO: Christine Owens, Executive Director, National Employment Law Project (moderator)
Ross Eisenbrey, Vice President, Economic Policy Institute
Bill Samuel, Legislative Director, AFL-CIO
Anne Babcock-Stiner, Esq., Senior Vice President, Human Resources, PathStone Corporation
Daphne Greenwood, Professor of Economics, University of Colorado, Colorado Springs
Gary Johnson, President, AFI Contractors, Toledo, Ohio
RSVP to firstname.lastname@example.org, 646-200-5285