Today Greater Mankato Growth hosted a webinar titled COVID-19 Paid Leave & EFMLA – Answering Employer Questions. Below are links to the webinar recording as well as the slides. In addition, you can view full details of the event here.
The US Department of Labor has issued preliminary guidance for employers and employees implementing the new paid leave provisions of the Families First Coronavirus Response Act. As a reminder, all employers with 500 or less employees must implement these new federally reimbursed paid leave programs by April 1. The US Internal Revenue Service has also issued preliminary guidance on reimbursement for these programs. Final guidance/forms are expected to be released this week.
The following is a guest blog courtesy of Blethen|Berens.
The U.S. Department of Labor (DOL) recently announced a final rule making more American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). The current salary thresholds were set in 2004. Previously, in 2016, the DOL announced a final rule, significantly increasing the overtime thresholds for the “white collar” exemptions, which was to be effective December 1 of that year. This proposed change was halted by the Courts before it took effect. Then, after a change in White House administration, in July, 2017, the Department of Labor abandoned the proposed final rule from 2016 and started over with a new process of reviewing and proposing changes to the overtime rules. The resulting final rule, which will go into effect on January 1, 2020, provides an increased threshold salary for the white collar exemptions, but the increase is much lower than the previously proposed rule from 2016. Continue reading “New Overtime Regulations Announced”
The Department of Labor announced on Thursday a proposed rule that would make 1.1 million American workers newly eligible to receive overtime pay beginning in 2020. The following guest blog courtesy of Blethen | Berens provides a helpful overview of this proposal and how it will impact businesses.
Should you wish to discuss this issue further, please be sure to contact one of our fantastic member businesses in law or accounting with employment expertise. Continue reading “Department of Labor Proposes New Overtime Rule”
A federal judge in Texas has blocked the Department of Labor’s (DOL’s) new federal overtime rule, which would have raised the Fair Labor Standards Act’s (FLSA’s) salary threshold for exemption from overtime pay from $23,660 to $47,476.
Judge Amos Mazzant of the U.S. District Court for the Eastern District of Texas granted a preliminary injunction on Nov. 22 in a lawsuit challenging the DOL’s authority to raise the salary threshold. For now, businesses and employees are in a holding pattern.
What does this mean for employers? Here are some questions businesses may be grappling with in the aftermath. Continue reading “Overtime Rule Blocked”
Today the U.S. Department of Labor will finalize changes to rules on overtime pay for exempt “white collar” salaried workers.
Currently, the salary threshold for overtime eligibility for exempt “white collar” salaried workers is $23,660 per year ($455/week). The new rule will require overtime pay for those employees who makes less than $47,476 per year ($913/week), meaning that the employee must be paid time and a half for hours worked over 40 each week. The Department of Labor states this will cover 4.2 million more employees, totaling about 35% of salaried workers.
This means that any exempt “white collar” salaried employee earning less than the new threshold amount of $47,476 per year must be paid overtime for all hours over 40 in a week, effective December 1, 2016. Continue reading “Must Read: New Overtime Rules”