US announces new rule to expand overtime pay to millions of workers
May 18 , 2016
Under a new rule announced by the US government on Tuesday, an individual earning less than $47,476 ($913 a week) will qualify for overtime pay when they work more than 40 hours a week. Now, this has doubled the existing threshold of $23,660 (or $455 a week). The new law will go into effect on Dec. 1, 2016. The idea behind this rule is to expand access to overtime pay for low-salaried workers.