David Eisenberg was quoted in a May 18, 2016, Law360 article “Attorneys React To DOL's Final Overtime Exemption Rule” regarding the significance of the U.S. Labor Department’s issuance of the final version of the overtime exemption rule raising the minimum salary threshold to qualify for the Fair Labor Standards Act’s white collar exemption. Eisenberg commented:
“The regulation takes effect on December 1st. Between now and then, employers have an important decision to make for their white collar employees whose earnings are near the new threshold. Be prepared to reclassify the employee as non-exempt and start paying overtime for hours worked in excess of 40 per week; or increase the employee’s salary to $47,476 or more, to keep the employee exempt.”
Additional attorney comments on the ruling are available online to Law360 subscribers.