23 Nov Judge Blocks Overtime Rule Issued by Department of Labor
On May 23, 2016, the Department of Labor published a final rule on overtime compensation for salaried employees. This rule entitles salaried workers making $47,476 per year or less to overtime pay. The current salary threshold is $23,660. This represents a significant increase, which would place financial pressure on small businesses.
Yesterday, in response to a lawsuit filed by 21 states, a federal judge in Texas granted a preliminary injunction blocking nationwide implementation of the Department’s overtime rule scheduled to take effect December 1st. The International Premium Cigar and Pipe Retailers Association will keep you posted as additional developments take place.