UPDATE 11/22/16 – A FEDERAL DISTRICT JUDGE IN THE EASTERN DISTRICT OF TEXAS BLOCKED THE DEPARTMENT OF LABOR’S NEW OVERTIME REGULATIONS SCHEDULED TO GO INTO EFFECT ON 12/01/2016 AS MENTIONED BELOW. PLEASE DISREGARD THE INFORMATION IN THIS POST UNTIL FURTHER NOTICE.
Happy Holidays! The holiday season is here! Every new year, many of us begin the year with the goal of paying off our credit card debt that accumulated during this festive time. But thanks to a new federal regulation promulgated by the Department of Labor and approved by President Obama, many workers in California should expect a salary increase of approximately $3,796 per year. That can help many of us pay for all of those gifts!
As of December 1, 2016, the new overtime regulation under the Fair Labor Standards Act will increase the amount that a standard salary worker must be paid a week in order to be exempt from federal overtime rules.
Currently, standard salary workers must get paid at least $455 per week to be exempt from federal overtime rules. In December, this amount will increase to $913 per week. In California, that amounts to an increase of approximately $3,796 per year for the year 2017.
If you are a standard salary worker, it is possible that you will benefit from this new overtime regulation. If your employer decides not to increase your salary to continue having you as an exempt employee, then you should have the benefit of getting paid time-and-a-half or double-time for your overtime hours.
If you are a salaried worker in California, pay attention to your paycheck in 2017.
If you think that your employer is not paying you correctly under this new overtime regulation, or other state or federal laws, contact us here at Abogato to speak with one of our attorneys. We are happy to discuss your situation with you and let you know how we can help.