Editor’s note: According to news reports at the end of 2015, the final overtime rules should be released by the spring of this year.
The U.S. Department of Labor released a draft regulation last June that proposes updating the salary level at which certain “white collar” workers would be exempt from minimum wage and overtime pay from the current $23,660 to $50,440.
NAHB economists have released a state-by-state breakdown showing in total, more than 110,000 construction supervisors would no longer be eligible for the exemption, and may be overtime-eligible under this new rule.
Under current law, workers who earn less than $23,660 a year are considered non-exempt employees by the Department of Labor and employers must pay them time-and-a-half for any hours they work over a traditional 40-hour work week.
The Fair Labor Standard Act’s white collar exemptions exclude certain … Read the blog