Today, the U.S. Department of Labor (DOL) released its highly anticipated final revisions to the Fair Labor Standards Act’s (FLSA) so-called “white collar” exemptions, the first major update to the federal overtime rules in more than a decade. Although the final rule is somewhat similar to the proposed rule published by the DOL last summer, it does contain at least one notable difference: namely, that the pay threshold for exempt employees will increase from $455/week to “only” $913/week, rather than $970/week as initially proposed. In addition, despite rampant speculation, the final rule does not modify the “duties” tests associated with the exemptions.
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