Millions of additional salaried workers could get overtime pay under Biden proposal
The proposed rule would raise the threshold under which workers are automatically eligible for overtime pay to about $55,000 a year, from the current level of about $35,000.
I imagine a lot of Salaried people making $53-55K are going to get a raise to about $56K.
I don't understand what is happening here, you only qualify for overtime if you make less than a certain amount?
No, whether you qualify for overtime is based on a bunch of factors including job responsibilities and industry. But there are two salary thresholds that basically ignore those rules.
At the lower end, if you make less than a certain amount, you qualify for overtime no matter what, regardless of whether your job would normally qualify. This is the one they're proposing increasing.
At the higher end, your employer doesn't have to pay you overtime no matter what. This one is six figures, though I don't remember the exact amount.
This actually makes sense to me, I think I'd like one American employment law please.
It's complicated because, of course it is. There is salary exempt and salary non-exempt. To this day, I do not know which is which I just know that I'm the kind of salaried that doesn't get overtime pay and I'm sure I never will. Maybe someone smarter than me will chime in.
You’re exempt from OT laws. That’s how you remember.