Key Takeaways:
- Under a new rule proposed by the U.S. Department of Labor (DOL), the salary threshold for employees to qualify for the white-collar exemptions under the Fair Labor Standards Act (the “FLSA”) would increase from $35,568 to $55,068.
- The salary threshold for the FLSA’s highly compensated employee exemption also would increase, from $107,432 to $143,988.
- Further, the salary thresholds for these FLSA exemptions would increase automatically every three years under the new proposal.…