The Biden administration on Tuesday announced rules aimed at ensuring that workers making less than about $59,000 a year are fairly compensated for overtime.
The Ministry of Labor said: The rule would raise the salary threshold necessary to exempt salaried workers from federal overtime pay requirements.
The office announced that starting in July of this year, the salary threshold will increase to $43,888 and jump to $58,656 in January 2025.
“The July 1 salary increase updates the current annual salary threshold of $35,568 based on the methodology used by the previous administration in the 2019 overtime rule update,” the office said.
Acting Labor Secretary Julie Su said in a statement that the new rules “restore the promise to workers that if they work more than 40 hours in a week, they should be paid more for those hours.” Ta.
“Too often, low-wage salaried workers do the same work as hourly workers, but spend more time away from their families without being paid extra. ” she says. “That’s not acceptable.”
The Ministry of Labor said that as part of the new rules, starting in July 2027, salary standards will be “updated every three years by applying the latest wage data to determine new salary levels.”
Sen. Patty Murray (D-Wash.), former chair of the Senate Health, Education, Labor, and Pensions Committee, applauded the move in a statement Tuesday, saying the rule “has no significant impact on the lives of anyone over the age of four.” It has the potential to bring about change,” he added. A million workers. ”
“From day one, the Biden administration has focused on improving the lives of working Americans, and this rule is another important step in that direction,” she said.
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