Original Author: Stokes, Richard
Date of Material: 10/18/2019
Personnel--Fair Labor Standards Act
Personnel--Compensation--Laws and regulations
Personnel--Employment--Laws and regulations
Reviewed Date: 10/18/2019
The U.S. Department of Labor has set a new standard salary level in the Fair Labor Standards Act of $684 per week/$1,368 biweekly/$1,482 semimonthly/$2,964 month (equivalent of $35,568 per year). The Department has also set the Highly Compensated Employee (HCE) annual compensation amount at a new level of $107,432. The new salary rates are effective January 1, 2020. This hot topic from MTAS reviews the history of the new rules and also discusses discretionary bonuses and incentive payments rule changes.
MTAS FLSA Final Rules Released 2019_final.pdf