Labor Dept.’s overtime rule will appear later than expected
A final Labor Department rule expanding overtime eligibility probably won’t come about until late next year, Solicitor of Labor Patricia Smith revealed at a panel discussion. The department has proposed raising the salary limit for overtime eligibility to $50,400, up from $23,660. The rule had been expected to go into effect later this year or in early 2016. Smith said the longer time frame was due to the complexity of the rule and the volume of comments the department has received.