Overtime Pay Regulations

Source: Bob Evnen, Woods & Aitken LLC, 09.2016 | Keywords: Policies, Overtime] The U.S. Department of Labor has issued a new rule raising the salary floor for white-collar overtime exemptions to $47,476 per year. The new salary floor becomes effective on December 1, 2016. The current salary floor is $23,600. This change will have no effect on the overtime exemption that applies to many employees of ag equipment dealers. Under current law, “any salesman, partsman or mechanic primarily engaged in selling or servicing…farm implements” is exempt from overtime pay if their employer is “primarily engaged in the business of selling… Read More »