Dol Exempt Salary Threshold 2024 Chart. The salary threshold would increase from the current $684 per week ($35,568 per year) to $1,059 per week ($55,068 per year)—a 55% increase from the current level. The minimum salary threshold for the white collar exemptions will increase significantly, from $684 per week ($35,568 per year) to $844 per week ($43,888 per year) on july 1, 2024, and $1,128 per week ($58,656 per year) on jan.
The present annual salary threshold for the eap exemption is $35,568. Department of labor (“dol”) issued a final rule (the “rule”) increasing the minimum salary threshold for employees exempt from the overtime pay requirements.
$684 Per Week (Equivalent To A $35,568 Annual Salary) $844 Per Week (Equivalent To A $43,888 Annual Salary) $1,128 Per Week (Equivalent To A $58,656 Annual Salary)
The rule also increases the salary threshold for the highly compensated exemption.
The Proposal Sought To Increase The Threshold From Its Current Level Of $35,568 Annually To $60,209 — A Nearly 70% Increase.
The annual salary threshold for exempt highly compensated employees will also increase from $107,432 to $132,964.
The List Includes Some Special Districts In States But Does Not Include All Of Said Districts.
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The Minimum Salary For Application Of The Highly Compensated Employee (Hce) Exemption Would Jump By 34%, From $107,432 Per Year To $143,988 Per Year.
Effective july 1, 2024, an executive, administrative, or professional employee must receive a salary equivalent to $43,888 per year in order to be classified as exempt.
The Final Rule, Announced On April 23, Is Slated To Take Effect July 1, 2024.
Department of labor (dol) finalized a rule on april 23, 2024, setting the standard salary level for the “white collar” exemptions under the flsa at $844/week as of july 1, 2024 (up from the current $684/week).
Today, We’re Here To Talk About The Final Rule Recently Issued By The Department Of Labor, Which Increases The Salary Threshold For The Executive Administrative Professional And Highly.
