U.S. Department of Labor - Final Rule: Overtime

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UPDATE:  U. S. Department of Labor announced their Final Rule updating overtime regulations effective July 1, 2024 and January 1, 2025.

The Final Rule can be found here: U.S. Department of Labor – Final Rule:  Overtime

 

Key provisions of the Final Rule effective 7/1/2024:

• Raises the “standard salary level” to $844 per week (equivalent to $43,888 per year for a full-year worker), with few exceptions*.
• Sets the total annual compensation requirement for “highly compensated employees” to $132,964.

 

Key provisions of the Final Rule effective 1/1/2025:

• Raises the “standard salary level” to $1,128 per week (equivalent to $58,656 per year for a full-year worker), with few exceptions*.
• Sets the total annual compensation requirement for “highly compensated employees” to $151,164.

 

11/15/24 update:

• On November 15, the U.S. District Court for the Eastern District of Texas ruled to strike down the U.S. Department of Labor (DOL) final rule regarding the minimum salary threshold for determining exemption from overtime payments. The ruling strikes down all  aspects of the rule, eliminating both the July 1, 2024, and January 1, 2025, salary thresholds, as well as the triennial automatic updates.  As a result, the salary threshold for exemption is effective back to the 2019 overtime level of $35,568 annually.

 

WKU Human Resources’ Plan of Action:

• The planned reclassification of employees based on the January 1, 2025, salary threshold will not take place.

• Reclassifications previously made due to the July 1, 2024, salary threshold are under review and more communication will follow. The tentative date to reclassify affected employees back to exempt status on the monthly payroll is February 1, 2025.

• Until then, employees affected by the July 1, 2024, portion of the regulation will remain non-exempt and should continue to complete timesheets. Timesheets and timesheet training can be found here: Timekeeping.

 

*Faculty positions are exempt from the DOL regulation.

Resources
For employees that moved to non-exempt status on the semi-monthly payroll July 1, 2024.	Semi-monthly timesheets Employee FAQ Recorded presentations
For Supervisors of employees that moved to non-exempt on the semi-monthly payroll July 1, 2024.	Supervisor FAQ Recorded presentations