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Effective Dec. 31, 2018, the minimum salary that employers must pay New York employees to be exempt from overtime under an executive or administrative exemption will increase.
The National Retail Federation argued that the new rules “curtail retailers’ ability to offer the most flexible, generous and tailored benefits packages to lower-level exempt employees across ...
In its first year, the rule is expected to result in an income transfer of about $1.5 billion from employers to workers, mainly from new overtime premiums or from pay raises to maintain the exempt ...
According to the FLSA, unless exempt, employees are entitled to receive overtime pay of at least "time-and-a-half", or one and one-half times normal pay, for all time worked past forty hours a week. Some exemptions to this rule apply to public service agencies or to employees who meet certain requirements in accordance to their job duties along ...
In particular, the new rules would have allowed more companies to offer flextime to their workers instead of overtime. The definition of exempt employees (ineligible for overtime) is regularly tested in the courts. A recent case is Encino Motorcars v.
New York City's minimum wage for companies with 11 or more employees became $15.00 per hour on December 31, 2018. [196] On the same day, NYC's hourly minimum wage for companies with 10 or fewer employees became $13.50. [196] The minimum wage in Illinois will reach $15 per hour by 2025 with increases beginning in 2020. [197]
Department of Labor poster notifying employees of rights under the Fair Labor Standards Act. The Fair Labor Standards Act of 1938 29 U.S.C. § 203 [1] (FLSA) is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week.
Mayor Eric Adams wants to rein in excessive overtime in the NYPD, the FDNY and two other Big Apple departments in the wake of the alleged sex-for-overtime scandal that has rocked the police force.