The decision means the minimum salary threshold for overtime exemption that went into effect on July 1 is now void. Additionally, the threshold increase that was to take effect Wednesday, Jan. 1, 2025, is also now void.
The DOL released its final overtime rule which expands overtime protections increases the minimum salary thresholds required to exempt a salaried bona fide executive, administrative, or professional employee (EAP) from federal overtime pay requirements.
The Fair Labor Standards Act requires employers to pay employees a minimum wage for all hours worked and a time-and-a-half overtime rate for all hours worked over 40 in a work week. However, it provides certain exemptions.