Overtime pay said to apply to more workers under Obama order

Some U.S. workers who are deemed ineligible for overtime compensation under what’s known as the “white-collar exemption” would be able to collect extra pay under revised regulations President Barack Obama plans to order tomorrow, according to a White House official. More

To continue reading this article, please do one of the following.



government

Overtime pay said to apply to more workers under Obama order

Posted 3/12/14

WASHINGTON – Some U.S. workers who are deemed ineligible for overtime compensation under what’s known as the “white-collar exemption” would be able to collect extra pay under revised regulations President Barack Obama plans to order tomorrow, according to a White House official.

Obama is directing the Labor Department to modify overtime rules so millions more people will be eligible for overtime pay for working more than 40 hours a week, said the White House official, who requested anonymity because the plan hasn’t been announced.

Workers now classified as executive, administrative or professional may include managers of fast-food restaurants and convenience stores who could receive overtime pay under the new rules, the official said.

President George W. Bush in 2004 set $455 per week as the threshold for what constitutes a white-collar worker for overtime pay purposes. The White House official didn’t say what the new threshold would be.

About 10 million workers might benefit from the rule if it applied to people making less than $50,000 a year, the Economic Policy Institute said today. The Washington-based group supports the change. Obama will leave it up to the Labor Department to decide what pay threshold to set, said Ross Eisenbrey, the group’s vice president.

Work changes

“It changes your quality of life when you know you can’t be required to work an extra 20 hours a week without being paid for it,” he said in a phone interview. “It could mean more money in your pocket, and on the other hand it could mean a more relaxed and reasonable life.”

Next Page
Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement