To help association professionals better understand the changes to the Department of Labor’s final overtime rule, ASAE will host a special Power of A Facebook Live and Periscope session on June 23.
The Administration’s new overtime rule, which will be effective December 1, significantly increases the minimum salary level for “white collar” employees to qualify as exempt from overtime pay requirements. Under the new rule, no employee who has a guaranteed salary of less than $47,476 will qualify as exempt under the executive, administrative, or professional exemptions. That’s more than double the current minimum salary level of $23,660 and only slightly lower than the Labor Department’s proposed $50,440. The rule will not affect hourly or other non-exempt workers, who already are eligible for overtime pay.
Additionally, the final rule includes a mechanism for automatically updating the salary threshold every three years (a change from the proposal of yearly adjustments). The minimum salary level is set based on the 40th percentile of wages of full-time salaried employees in the lowest wage Census region (currently, the South).
The June 23 session will be led by Julia Judish, a leading employment lawyer with Pillsbury Winthrop Shaw Pittman LLP, and Bob Skelton, CAE, ASAE’s chief administrative officer. The session will begin at 2:30 pm ET. To register for this free session, RSVP to Mary Kate Cunningham at email@example.com.
While it’s important that associations learn what they must do to adjust to the new rule, ASAE and many other organizations are pursuing a legislative fix in Congress. ASAE is asking associations that are concerned about the overtime rule to contact their elected representatives in Congress and share how this change will affect their bottom line and ability to carry out their mission. Click here to access ASAE’s Engage portal to send a message to your legislators.