ComplianceMnthlyRecap MH 5.16.22

Affordability Safe Harbors May Not Be As Safe with New Overtime Exemption Rules

Posted by: Carol Taylor    Jul 5, 2016 9:00:00 AM

Safe HarborThe new Department of Labor (DOL) overtime exemption rules increase the salary threshold from $23,660 a year to $47,476 annually, beginning December 1, 2016. This means that employees earning less than the threshold can no longer be considered salaried and exempt from overtime pay.

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Topics: ACA, minimum value coverage, Federal Poverty Level safe harbor, W-2 Box 1 safe harbor, rate of pay safe harbor, affordability safe harbor, overtime exemption