Last updated in 2004, earnings thresholds necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements have been raised to account for growth in employee earnings. The final rule is effective beginning January 1, 2020.
In short, the final rule is:
While the final official rule is under review, the announcement found here, will give employers additional time to plan accordingly for 2020. The official final rule will be published in the federal register following review.