The U.S. Department of Labor (DOL) recently announced a proposed rule which would make more than a million American workers eligible for overtime pay.
Currently, employees with a salary less than $23,660 per year ($455.00 per week) must be paid overtime if they work more than 40 hours per week. This has been the standard since 2004. You may remember the Obama-era overtime regulation issued in 2016 that would have raised the salary threshold to $47,476 per year ($913 per week). The regulation was later invalidated by a federal judge in Texas just days before it was set to take effect.