This week AGC joined with hundreds of national and regional employer groups in support of the Protecting Workplace Advancement and Opportunity Act. This legislation would require the Department of Labor to perform a detailed impact analysis prior to implementing their proposed changes to overtime pay requirements increasing the minimum salary threshold from $23,660 per year to $50,440 per year. Employers with exempt employees who earn an annual salary less than $50,440 will be impacted.
The legislation would block the current rule from taking effect but it would not prevent a future increase in the salary threshold. It merely requires a more detailed examination of the rule by the Labor Department before it can be finalized. AGC is urging members to use the AGC Action Center and send letters to their members of Congress supporting the Protecting Workplace Advancement and Opportunity Act.
More detailed information can be found here.
For more information, please contact Jim Young at youngj@agc.org or (202) 547-0133.