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OT pay: Who wins, who loses? |
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Revamped rules governing who gets time-and-a-half will soon take effect.
Don't know if you're owed overtime pay? You're not alone.
Later this month, new federal rules detailing which workers get time-and-a-half and which ones don't are due to take effect. The changes mark the first major overhaul of the federal overtime law in more than 50 years. In response, employers and employees alike are scrambling to figure out what they mean.
With some 500 pages of legalese to pour over, the task isn't easy.
In a nutshell, the revamped regulations are easy to understand if your yearly income is roughly under $23,000, or if you take home more than $100,000 a year. For middle-income workers, however, understanding the rules can trigger a migraine.
The basic idea behind the Fair Labor Standards Act holds that workers in so-called "white collar" jobs can, under certain instances, earn extra pay for workweeks that exceed 40 hours.
Under the law, there are three primary tests for determining who is eligible ("non-exempt") and who is not ("exempt") from overtime pay.
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Date Listed: 2004-08-10
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