4/7/16
Multiple sources have reported that United States Department of Labor (USDOL) recently sent the proposed overtime rule to the Office of Management and Budget (OMB) for its mandatory review. While the actual release date and the corresponding effective date for the regulations are unknown, most experts agree that the effective date will likely be 60 days from the release date.
An accelerated timetable may be motivated by political pressures related to the upcoming election and potential changes in the White House and Congress. For more information on what we have done and what we plan to do to help clients prepare for the new regulations please review the details below.