Dear Association Executives - Today, the U.S. Department of Labor (DOL) issued its final final rule increasing the salary threshold required to exempt salaried bona fide executive, administrative or professional employees from federal overtime pay requirements. The final rule will be effective July 1, 2024, and raises the salary threshold to $43,888 and on January 1, 2025, increases the threshold to $58,656 when new methodology takes effect. Beginning in July 2027, the salary thresholds will update every three years. In the final rule DOL noted that it intends to issue technical assistance to help employers comply with the Fair Labor Standards Act (FLSA) and will coordinate with appropriate federal agencies on supporting Medicaid-funded service providers impacted by this rule. Additional information can be found on DOL's webpage and FAQ page for this final rule.
Please feel free to share this with your members. We will also include information on this final rule in Capitol Connector on Friday.
Please let me or Katherine Seibel, Manager, Federal and Regulatory Activities (KatherineS@thenationalcouncuil.org) know if you have questions or if any additional information would be helpful.
Thank you - Reyna
Reyna Taylor
Senior Vice President, Public Policy & Advocacy
Policy Department
National Council for Mental Wellbeing
Direct: 202-774-1651
ReynaT@TheNationalCouncil.org
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Neal Comstock
Director of Membership
National Council
NealC@TheNationalCouncil.org202 748-8793
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