The Department of Labor has proposed a new rule that would extend overtime to 3.6 million workers.
The proposed rule would guarantee overtime pay for salaried workers earning less than $1,059 per week, or about $55,000 per year.
That is substantially higher than the $35,568 threshold the agency adopted in 2020 — although even at that time it had attempted to raise the threshold to $47,893.
The agency said the rule would restore overtime protections to salaried workers who often work side-by-side with hourly workers but who don’t get the benefits of overtime. The rule also aims to better identify workers who are overtime exempt so those who are not can be eligible for overtime.