Event Details
The United States Department of Labor's Final Rule Regarding White Collar Exemptions Webinar
| Date: | May 23, 2016, 11:30am |
| Organizer: | Jackson Lewis |
| Location: | Webinar |
| Price: | Free for members of JSAHR |
| Event Type: | Meeting |
| iCal link | Add to Calendar |
The United States Department of Labor announced its Final Rule updating the white collar exemptions. A few important notes:
· New salary level for exemptions will be $47,476. This is less than the salary level DOL previously proposed--$50,440. It will be tied to the 40th percentile of the lowest Census region (currently the South).
· New salary level for highly compensated employees will be $134,004. This is consistent with the proposal, though the number is higher than previously identified ($122,148) as the level is tied to salary levels of full time salaried workers nationwide and that has increased since the proposed rule was issued in July 2015.
· Employers will have until Dec. 1, 2016 to comply.
· Updates to the salary level will occur every three years, the first update to occur January 1, 2020. DOL will give 150 days’ notice prior to change-August 1, 2019. DOL estimates the first update will result in the salary level being set at $51,168.
· Employers will be permitted to use commissions and non-discretionary bonuses (up to 10%) to satisfy the new salary level, paid quarterly, and subject to a “catch up.”
· No changes to the duties test. DOL sought comments regarding whether the apply a requirement that exempt employees spend more than 50% of their time performing exempt work, as in California.
More information may be found at our firm website, www.jacksonlewis.com .
Our firm is also presenting a webinar on Monday, May 23rd at 11:30 EST regarding the changes. To Register, click HERE.
We understand demand to be very high and if the webinar has been fully occupied, registrants will be provided with an alternate date for a rebroadcast.
Our firm remains available to assist members and member companies through this important transition and compliance period.
Regards,
Richard J. Cino
Attorney at Law
Jackson Lewis P.C.
220 Headquarters Plaza
East Tower, 7th Floor
Morristown, NJ 07960
973 451 6324| Direct
973 540 9015| Fax
