Hope you weren’t counting on the overtime pay because it’s about to get undone – PB/TK
Trump admin moves closer to undoing overtime pay rule – By Daniel Wiessner / July 25 2017
The Trump administration on Tuesday pushed forward with its bid to undo an Obama administration rule to extend mandatory overtime pay to 4.2 million workers and said it was considering treating workers differently based on location and industry.
The rule, which was supposed to take effect in December 2016 but was blocked by a federal judge, is a top target for business groups that say it would force employers to convert many salaried employees into hourly workers.
The U.S. Department of Labor on Tuesday called for public comments on the rule, which is the first step in revoking or revising it.
The rule would have doubled to $47,000 the maximum salary a worker can earn and still be eligible for mandatory overtime pay under federal wage law. A group of 21 states and business groups including the U.S. Chamber of Commerce challenged the rule in a lawsuit filed last year.
Continue to msn.com article: http://www.msn.com/en-us/money/markets/trump-admin-moves-closer-to-undoing-overtime-pay-rule/ar-AAoPwpW?li=BBmkt5R&ocid=spartanntp
