DOL seeks information on overtime regulations

OSCPA staff report

The U.S. Department of Labor’s Request for Information on overtime regulations was published Wednesday in the Federal Register.

The Request for Information includes questions about the role the duties test plays with respect to the salary threshold, what is the proper methodology, and whether there should be multiple salary levels to reflect different regional economies, sizes of employers and exemptions. The comment period is 60 days.

At issue is an Obama Administration overtime rule that was halted in November by a court decision days before it was to go into effect. It would have doubled the minimum salary threshold for overtime pay from $23,660 to $47,476 annually and raised the exemption level for what are considered “highly compensated employees” from $100,000 to $134,004 annual salary.

After President Trump took office, Labor Secretary Alexander Acosta signaled he would try to amend the rule by lowering the salary threshold.

The Ohio Society of CPAs joined more than 400 U.S. organizations in the Partnership to Protect Workplace Opportunity to encourage lawmakers to stop the rule, saying it would have a negative impact on employers and workers.

The Partnership said Wednesday it will submit a response to the RFI and invited members to sign it.

Leave a comment