Are you ready for the Department of Labor's overtime rule change?
from Business News Daily
As of June 30, the U.S. Department of Labor dropped its defense of the final overtime rule as written, but sought confirmation from the courts that it indeed maintains the authority to establish new salary thresholds. Three days earlier the DOL made clear its intent to rewrite the rules with lower salary thresholds. However, in the event the Fifth Circuit Court of Appeals reverses the District Court injunction, the Obama-era final rule could go into effect immediately, meaning employers who are not in compliance would be subject to penalties, possibly retroactively, according to Jackson Lewis attorney Jeffrey Brecher.
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