Proposed Exempt Salary Threshold 2024. As a reminder, the dol has proposed the threshold salary level for exemption from overtime be raised from $35,568/year ($684/week) to $55,000/year ($1,059/year). As proposed, the minimum salary threshold for eap exemptions would increase to $1,059 per week ($55,068 per year), a greater than 50% jump from the current minimum.
Currently, the salary threshold for the executive, administrative and professional exemptions is $684 per week. On august 30, 2023, the u.s.
Proposed Changes To The Exempt Salary Thresholds.
The dol also seeks to increase the annualized salary threshold for the exemption for “highly compensated employees” (hce) from the current $107,432 per year to.
As Proposed, The Minimum Salary Threshold For Eap Exemptions Would Increase To $1,059 Per Week ($55,068 Per Year), A Greater Than 50% Jump From The Current Minimum.
Depending on where employees work, the exempt minimum salary for 2024 in new york can range from $1,124.20 weekly ($58,558.40 annually) to $1,200 weekly ($62,400 annually).
In Its August 30, 2023, Notice Of Proposed Rulemaking, The Department Set Forth Its Proposal To Substantially Revise The Salary Threshold Applicable To Executive, Administrative,.
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The 2016 Rule Sought To Increase The Standard Salary Level Requirement For Exempt Employees From $455 To $913 Per Week And Increase The Salary Threshold.
A department of labor (dol) proposed rule increasing the minimum salary threshold for exempt employees is projected to change the exempt status of approximately.
As A Result Of A Change In The State’s Minimum.
Currently, the salary threshold for the executive, administrative and professional exemptions is $684 per week.
As Proposed, The Minimum Salary Threshold For Eap Exemptions Would Increase To $1,059 Per Week ($55,068 Per Year), A Greater Than 50% Jump From The Current Minimum.