Dol Salary Threshold 2025. The new rule represents an almost 65% increase in the minimum exempt salary threshold by january 1, 2025 and an increase of almost 40% in the minimum. 1, 2025, the standard salary threshold will increase to $1,128 per week ($58,656 per year) and the annual compensation for highly compensated.
Then, six months later, another increase on jan. The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
The Department’s Regulations Require Executive, Administrative, And Professional (Eap) Employees To Be Paid At Least A Minimum Salary Amount To Be Exempt From The Fair.
Then, on january 1, 2025, the salary threshold will increase to $1,128 per week ($58,656 annualized).
And Then Just Six Short Months Later, On January 1, 2025, It Will Jump To $58,656 Per Year.
For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025.
Dol Salary Threshold 2025 Images References :
A Federal Judge In Texas Has Enjoined The Department Of Labor (Dol) From Enforcing Its Final Rule Raising The Minimum Salary Level Requirements For Executive,.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule.
The Overtime Rule Further Increases The Minimum Salary Threshold For Exempt Employees To $1,128 Per Week ($58,656 Annually) For White Collar Exemptions, And Sets.
The salary level will then increase to $58,656 on january 1, 2025.