The Obama administration made final a long anticipated change to overtime pay that will entitle millions of additional American workers to overtime pay when they work more than 40 hours in a week.
The minimum salary at which a worker can be exempted from time and a half wages for every overtime hour he works will more than double, from $23,660 to $47,476. The threshold was last raised in 2004, during the Bush administration.
"This is a big deal to be able to help that many working people without Congress having to pass a new law," Ross Eisenbrey of the Economic Policy Institute, a liberal advocacy group, told the New York Times. "It's really restoring rights that people had for decades and lost."
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
