Ryan Glasgow, left, and Theanna Bezney, right of Hunton Andrews Kurth. Courtesy photosOvertime Rewind: Texas Court Ruling Unravels FLSA Salary Level Increases
Unless and until the Fifth Circuit overturns the vacatur, the 2024 Rule is not in effect, and the minimum salary levels under the EAP and HCE exemptions have reverted to their prior levels.
December 16, 2024 at 06:46 PM
4 minute read
In July 2024, a new rule published by the U.S. Department of Labor (“DOL”) went into effect, raising the salary threshold for the Fair Labor Standards Act’s (“FLSA”) exemptions for executive, administrative, professional, and computer employees and the total annual compensation level for the highly compensated employee exemption (the “2024 Rule”). The 2024 Rule also included periodic, automatic increases of the minimum salary thresholds.
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