A “First of its Kind” PFML Plan launches in New Hampshire
Beginning in December 2022, employers can start enrolling in New Hampshire's new voluntary Paid Family and Medical Leave plan for employers and employees of all types of businesses.
The Final Rule – sounds dramatic, doesn’t it? For some people, it is. This update to current Department of Labor overtime regulations is sure to have a powerful effect on the paycheck of over 4 million Americans.
Specifically, the Final Rule will raise the salary threshold for exempt employees (executive, professional, outside sales, and computer workers) to $47,476 annually under the Fair Labor Standards Act. Beginning December 1, this expansion will begin to take effect. More specifics of the Final Rule include:
On January 1, 2020 the automatic updates to thresholds will be enacted, taking place every three years. The Final Rule has not yet been published in the Federal Register.