Final overtime rule: OT salary threshold to hit $58,656 on Jan. 1, with interim hike to $43,888 on July 1
Exempt employees earning less than $58,656 per year on Jan. 1, 2025, will be entitled to overtime pay when they work more than 40 hours in a workweek under a long-awaited final rule issued April 23 by the Department of Labor.
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