Policy Backgrounders
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Navigating the Economic Storm

Policy Backgrounders

CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.

DOL Proposes Rule Expanding Overtime Regulations

September 15, 2023

The Department of Labor (DOL) released a proposed rule for public comment that seeks to lift the income eligibility thresholds for some salaried workers working beyond 40 hours per week to receive time-and-a-half overtime pay.

  • The standard salary threshold for exemption from overtime pay requirements would be raised 55 percent from its current level ($684 per week for most workers) to $1,059 per week ($55,068 per year), while the level for “highly compensated” workers would be raised by one-third from its current $107,432 to $143,998.
  • DOL expects the rule change would transfer $1.2 billion of direct costs from employers to workers in the first year, predominately from higher overtime premiums and pay raises to maintain workers’ exempt status.
  • Once finalized, the proposal is expected to face legal challenges similar to those which derailed a similar Obama Administration proposal in 2017 and also possibly directed at the extent of DOL’s rulemaking authority.

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Authors

Dr. Lori Esposito Murray

Dr. Lori Esposito Murray

Former President

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Mitchell Barnes

Mitchell Barnes

Senior Economic Policy Analyst

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