Jun 29, 2015 8:45 PM by News Staff
WASHINGTON (AP) - The Labor Department is proposing to make up to 5 million more people eligible for overtime in its latest effort to boost pay for lower-income workers.
An official familiar with the proposal, speaking on condition of anonymity in order to avoid pre-empting an announcement expected Tuesday, says it would more than double the level at which full-time, salaried workers must be paid overtime if they work more than 40 hours a week.
Currently, any salaried employee who's paid more than $455 a week - or $23,660 a year - can be called a "manager," given limited supervisory duties and made ineligible for overtime.
The proposed new rule would reset the salary threshold at about $970 a week - or $50,440 a year - in 2016.
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