Flsa Exempt Salary Threshold 2024 By State

Flsa Exempt Salary Threshold 2024 By State. The dol's new rule increases the specified minimum salary amounts for an employee to be exempt from overtime pay requirements. District court for the eastern district of texas does not rule before july 1, the existing $35,568 salary level will increase to $43,888 on that date.

Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime. The employee must receive the minimum weekly salary threshold amount in order to pass the salary test.

Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime.

Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.

Employers Should Adjust Their Minimum Exempt Salary To $58,458.40 Annually ($1,124.20 Weekly) To Reflect The Increase That Took Effect January 1, 2024 In Areas Outside Of New York City, Westchester.

The standard eap salary threshold rises from the current floor of $684 per week ($35,568 annually) to $844 per week ($43,888 annually) — the the first phase in.

The Chart Below Identifies The.

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This Fact Sheet Provides Information On The Salary Basis Requirement For The Exemption From Minimum Wage And Overtime Pay Provided By Section 13 (A) (1) Of The Flsa As Defined By Regulations, 29 C.f.r.

On tuesday, april 23, 2024, the u.s.

District Court For The Eastern District Of Texas Does Not Rule Before July 1, The Existing $35,568 Salary Level Will Increase To $43,888 On That Date.

The following is a comprehensive list of the 2024 exempt status salary threshold by city and state.