Millions of salaried workers will be eligible for overtime pay under new Biden rule WGN TV Chicago
News Source : WGN TV Chicago
News Summary
- The move marks the largest expansion in federal overtime eligibility seen in decades
- Starting July 1, employers will be required to pay overtime to salaried workers who make less than $43,888 a year
- That cap will then rise to $58,656 by the start of 2025
NEW YORK (AP) The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.The move marks the largest expansion in federal ov [+3299 chars]