, the United States Department of Labor issued publicly this morning its final regulations amending the so-called “white collar exemptions.” The key features of the final regulations
- Increase in the minimum salary level to meet the white collar exemptions from $455 per week (approximately $23,660 annually) to $913 per week (approximately $47,476 annually).
- Increase in the total annual compensation level for highly compensated employees from $100,000 to $134,004.
- Installs an automatic update procedure, which will update the salary thresholds every three years (beginning January 1, 2020). The update will raise the minimum salaries required to meet the white collar and highly compensated exemptions to the 40th percentile of
full-time salaried workers nationally.
- No changes to the current “duties” tests.
- The salary increases go into effect December 1, 2016.
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