It is estimated that nearly 4 million salaried employees in America will be eligible for new overtime rules starting July 1st.  According to the US Department of Labor, the eligibility for overtime pay for salaried workers is changing.  Under the current regulations of the Fair Labor Standards Act, hourly or non-exempt employees who work over 40 hours a week are entitled to overtime compensation of 1.5 or time in half of their regular pay. Salaried workers are exempt from this if they are paid more than $35,568 a year or $684 a week.  If you make more than that you are not eligible to receive overtime. 

Under new rules, that number is jumping to $43,888, meaning if you make less than $43,888 or $844 per week, you will be eligible for overtime pay.  This number is set to change again on January 1st to $58,656 per year or $1,128 per week. This number will also increase on July 1st, 2027, and every three years after.  

Employees primarily affected include executive, administrative, or professional duties only.  Some occupations like teachers, doctors, and lawyers will not be eligible for overtime pay.  Several lawsuits have been filed fighting this rule change. To learn more about this click here.