 |
Overtime Rules ChangeNew and final Federal Regulations issued April 23, 2004 make significant changes in Overtime Pay Standards. They include new tests and income thresholds used to determine eligibility.Employees now earning less than $23,600.00 annually ($455.00 per week) automatically qualify for overtime pay. The former standard was less than $8,060.00 annually ($155.00 per week). Moreover, this is a clear improvement over the first proposed change to $22,100.00 annually ($425.00 per week). The upper limit has also changed. "Highly Compensated Employees" earning more than $100,000.00 are generally not eligible for overtime pay. The earlier proposal would have been set at $65,000.00. The final regulations include many changes in wage standards, and severe penalties have been provided for non-compliance. If you need help deciphering the new regulations as an employer or employee, check with your Peacock Keller attorney. |
 |
|
|
Home ·
About the Firm ·
Attorney Directory ·
Practice Areas ·
News and Events ·
Contact Us · © 2006 Peacock Keller & Ecker, LLP, 70 East Beau Street, Washington, PA 15301 · Phone: (724) 222-4520 or in PA: 1-800-242-8897 · Fax: (724) 222-3318 · Terms and Conditions |
|