See multiple perspectives from The Daily Caller, CNBC, and CBS News (Online) at AllSides.com.
This change provides lower-paid workers with higher compensation for long hours, and is expected to embroil the administration in legal disputes with business groups. Starting July 1, 2024, individuals making less than $43,888 per year, or $844 per week, will be entitled to overtime pay. By Jan. 1, 2025, the salary threshold will increase to $58,656 per year, or $1,128 per week.
About 4.3 million U.S. workers who previously didn't qualify for overtime pay could soon receive time-and-a-half for working more than 40 hours a week thanks to a new rule from the Biden administration. The U.S. Department of Labor on Tuesday unveiled a new rule that will extend overtime pay to salaried workers who earn less than $1,128 per week, or $58,656 annually. Previously, only workers who made $684 or less each week, or $35,568 annually, were eligible for OT.The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week.
Proponents say the new limit will mean lower-paid workers are fairly compensated for long hours, and business groups are expected to legally challenge it.Starting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay.The Biden administration finalized a new rule on Monday that increases the overtime pay threshold for salary workers, despite a similar rule being struck down by a federal judge during the Obama administration.
Starting on July 1, 2024, the Department of Labor is increasing its annual salary threshold for those eligible to receive time-and-a-half pay when working more than 40 hours per week from $35,568 to $43,888, according to an announcement from the DOL. The Obama administration tried to issue a similar rule in 2016, raising the threshold for...that highlights survey data on topics on which Americans largely agree.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fact Check Team: Biden administration expands Title IX protections in new set of rulesThe Biden administration issued new rules on Friday to effectively broaden the scope of Title IX.
Baca lebih lajut »
Biden administration expands protections for LGBTQ+ studentsThe Biden administration's transgender sports rule still hangs in the balance.
Baca lebih lajut »
Biden Administration Expands Student Loan Cancellation ProgramThe Biden administration is expanding the SAVE plan, a federal loan program with generous terms, to wipe out billions of dollars in student debt. More borrowers are now eligible for loan cancellation after 10 years of payments, a decade sooner than before.
Baca lebih lajut »
Biden Administration Expands Student Loan Cancellation ProgramThe Biden administration is expanding the SAVE plan, a federal loan program with generous terms, to wipe out billions of dollars in student debt. More borrowers are now eligible for loan cancellation after 10 years of payments, a decade sooner than before.
Baca lebih lajut »
Biden Administration Expands Background Check Requirements for Gun Shows and Online SalesThe Biden administration has announced plans to expand background check requirements for firearms purchased at gun shows or online, closing the 'gun show loophole.' The new rules will redefine licensed firearms dealers and enforce background screenings in more circumstances.
Baca lebih lajut »
Biden administration's new rule expands background checks to close ‘gun show loophole'Thousands more firearms dealers across the U.S. will have to run background checks on buyers when selling at gun shows or other places outside brick-and-mortar…
Baca lebih lajut »