Excerpt

By Ben Penn 

The Trump administration today unveiled a final rule to extend overtime pay eligibility to an estimated 1.3 million workers, replacing a stalled Obama-era initiative that would have covered four times as many employees.

The department’s new rule lifts the annual salary threshold below which workers qualify for overtime wages to $35,568 from the current level of roughly $23,600. The regulation would require employers starting Jan. 1 to pay time-and-a-half rates to workers making less than the threshold amount for all hours beyond 40 per week.

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