4.9 Million More Workers To Get Overtime Pay
Nearly five million U.S. workers will become newly eligible for overtime pay on December 1st. A new federal rule backed by the Obama administration under the Fair Labor Standards Act will make these workers eligible for overtime pay.
Time and a half pay is mandatory under the new rule for any worker making less than $47,476 per year. That pay threshold re-adjusts every three years to keep up with changing wages.