The AK Strong Chamber provides connections, resources, and guidance to our members and community.We are dedicated to the improvement and growth of our region!
DOL Announces Increased Salary Levels for White Collar Overtime Exemptions
September 30, 2019
On Tuesday, September 24, 2019, the U.S. Department of Labor released its much anticipated update to the regulations setting the thresholds for the executive, administrative, and professional (EAP) employee overtime exemptions.
As expected, the final rule raised the “standard salary level” from $455 to $684 per week ($35,568 per year). The rule also raised the total annual compensation level for “highly compensated employees” (HCEs) from the current level of $100,000 to $107,432 per year — far less than the $147,414 proposed earlier this year. The final rule will also allow employers to pay nondiscretionary bonuses and incentive payments (including commissions) that are paid at least annually, to satisfy up to 10 percent of the standard salary level. Additionally, under the revised regulations, if an employee’s yearly earnings (salary paid in a 52-week period, plus any nondiscretionary bonuses and incentive payments, including commissions) fall short of the required levels to maintain their exempt status, employers will be able to make a “catch up” payment of up to 10 percent of the standard salary level within one pay period following the end of the 52-week period.
Employers intending to invoke or maintain the EAP employee overtime exemptions have the remainder of this year to make necessary adjustments, as the final rule is set to go into effect January 1, 2020.
Search or browse or member directory to find local businesses and services.
Join the Chamber Now!
Growing a business is all about who you know. You want to become the go-to business that everyone recommends. To do it, get involved by joining our Chamber of Commerce. People trust people they know more than people they don’t. Get to know more people.
- Increased Visibility
- Affordable Advertising Opportunities
- Community Development
- Money Saving Affinity Programs
Joining the Chamber has many benefits. See what some of our members have to say!
Not a member yet? Be our guest at an upcoming event.
“The Chamber has proved time and time again to be a great networking tool. We don’t just get new business from our membership we make new friends.”
“I would recommend the Chamber’s energy savings program to anyone interested in being proactive in this area, instead of reactive.”