DOL Announces Status of Revised White Collar Exemptions Regs

Yesterday, Secretary of Labor Tom Perez announced via the U.S. Department of Labor Blog that the DOL has submitted its proposed rules revising the regulations concerning the Fair Labor Standards Act’s so-called “white collar exemptions” for review by the Office of Management and Budget. The DOL originally expected to publish the new rules in February 2015.
 
Speculation in business and legal circles has swirled since President Obama directed the DOL to review the current “outdated” overtime pay exemptions and revise them to “modernize and streamline the existing overtime regulation.” See  3/13/2014 Presidential Mem. to Sec’y Lab. Most commentators opine that an increase to the minimum salary threshold will be the keystone of the regulation reform, but the DOL proposal will certainly include additional refinement to other aspects of the regulations. 
 
The wait is nearly over—OMB officials will review the proposal for at least several weeks, after which time the proposed regulations will finally surface for public review and comment. Stay tuned.