Millions of salaried workers will be eligible for overtime pay under new Biden rule
NEW YORK (AP) — The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.
The move marks the largest expansion in federal overtime eligibility seen in decades. Starting July 1, employers will be required to pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles, the Labor Department said Tuesday. That cap will then rise to $58,656 by the start of 2025.
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