Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Currently, employers are not required to pay overtime to certain managers and administrators if they work over 40 hours a week, as long as the employers classify these managers and administrators as salaried employees, and as long as these managers and administrators make more than $23,660 per year – about $455 per week.

That is likely all about to change, though. The Obama Administration is proposing a rule that would more than double that wage floor to $50,444. In other words, any employee currently classified as a manager or administrator and being paid on salary (exempt from overtime), would now need to be paid a minimum of $50,444 a year in order to remain classified as salaried.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.