The overtime rule that was supposed to take effect on December 1st has been blocked by a federal judge in Texas last week.
The rule, which was set to take effect on Dec. 1, 2016, would have increased the salary threshold for the “white collar overtime exemptions” to $47,476 per year. The judge’s ruling gives employers across the country a reprieve from having to raise salaries for exempt employees to the new threshold or pay them overtime.
An appeal is possible and the DOL said in a statement it would review the courts order. In the meantime, we will keep you updated on any new developments. If you have any questions, feel free to contact your Linkenheimer CPA.