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URL
https://partners.bankwebinars.com/new-flsa-overtime-exemption-regulations-70bwus246335g?partner=arkansas-bankers-association

New FLSA Overtime Exemption Regulations - Required Action

On April 23, the Biden Administration released final regulations which significantly limit overtime exemptions for financial institutions. The regulations, effective July 1, raise the salary requirement to $43,888 per year. Then the required salary payment increases further to $58,656 effective January 1, 2025. That is a dramatic change to the current $35,568 requirement. The new regulations include other changes such as automatic salary updates, which will also create compliance obstacles.
When
5/30/2024 1:30 PM - 3:00 PM
Central Daylight Time

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