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Headline : Workers earning less than $58K a year could soon become eligible for overtime pay

Read more from the original article on here at www.cnbc.com.





Tags : #workers #earning #less #than #58k #year #could #soon #become #eligible #overtime #pay


No. of Paragraph 27

Millions more Americans could become eligible for overtime pay.

The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week.

Proponents say the new limit will mean lower-paid workers are fairly compensated for long hours, and business groups are expected to legally challenge it.

Starting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay.

Read more from the original article on here at www.cnbc.com.


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