• Labor Department Significantly Increases Minimum Salary and Compensation Levels Required to Qualify Employees for “White Collar” Overtime Exemption
  • June 30, 2016 | Authors: Regina E. Faul; Marc B. Zimmerman
  • Law Firm: Phillips Nizer LLP - New York Office
  • On May 18, 2016, the U.S. Department of Labor (“DOL”) announced the publication of its long-awaited final rule updating the overtime regulations of the Fair Labor Standards Act (“FLSA”) which more than doubles the salary level required to satisfy the FLSA’s overtime exemption for so called “white collar” exemptions (for executive, administrative and professional employees).