The #1 question we’ve been receiving from our clients this fall is “When will the new overtime regs be issued?” While previously we were left guessing on the specific timing in 2016, the Wall Street Journal and National Law Review are reporting that the Solicitor of Labor has indicated that the final regulations likely will not be issued until mid-to-late 2016.
It remains to be seen what, exactly, the final regulations include. Per our blog post when the proposed regulations were first issued, the proposed regulations focused on the minimum salary thresholds, significantly raising those amounts. However, the DOL also invited comment on the duty rules, so it remains possible that the final regulations may include changes beyond the salary threshold.
We will continue to monitor the status of the regulations and keep you posted on any developments.