• The FLSA Overtime Regulations Are Changing December 1, 2016: Colleges and Universities Will be Ready.
  • June 14, 2016 | Author: Karen Eileen Baillie
  • Law Firm: Schnader Harrison Segal & Lewis LLP - Pittsburgh Office
  • We’ve had plenty of time to adapt and now the new rules are clear. Colleges and universities will be ready. In the spring of 2014, President Obama signed a Presidential Memorandum directing the Department of Labor (DOL) Wage and Hour Division to update the regulations governing overtime pay, as the salary threshold at the time was $455 per week, or $23,660 annually, which is below the federal poverty line for a family of four. According to the administration, this created a situation where many workers whom the Fair Labor Standards Act intended to protect were instead classified as exempt.