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Department of Labor building and sign Under the new rule, the “standard salary level” has been raised from the currently enforced level of $455 to $684 per week (equivalent to $35,568 per year for a full-year worker). (Photo: Mike Scarcella/ALM)

The Department of Labor has announced a final rule that it says will make 1.3 million workers eligible for overtime pay under the Fair Labor Standards Act.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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