The Department of Labor (DOL) has proposed that the White Collar exemption salary threshold of $23,660 be increased to $50,440 per year. The latest development is that the DOL forwarded its final overtime rule with the proposed increase in the guaranteed salary basis to the Office of Management and Budget (OMB) and Office of Information and Regulatory Affairs (OIRA) for review on March 17, 2016.
This completes the last mandatory step that the DOL has to take before issuing the final …
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