United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2024_register executive 2024-04-26 article Part IV Rules and Regulations D09002ee1c69f3501 D09002ee1c69f365b United States Department of Labor originator org United States Government Agency or Subagency United States Wage and Hour Division originator org United States Government Agency or Subagency The Department of Labor (Department) is updating and revising the regulations issued under the Fair Labor Standards Act implementing the exemptions from minimum wage and overtime pay requirements for executive, administrative, professional, outside sales, and computer employees. Significant revisions include increasing the standard salary level, increasing the highly compensated employee total annual compensation threshold, and adding to the regulations a mechanism that will allow for the timely and efficient updating of the salary and compensation thresholds, including an initial update on July 1, 2024, to reflect earnings growth. The Department is not finalizing in this rule its proposal to apply the standard salary level to the U.S. territories subject to the Federal minimum wage and to update the special salary levels for American Samoa and the motion picture industry. 89 FR 32842 https://www.govinfo.gov/app/details/FR-2024-04-26/2024-08038 2024-08038 fr26ap24-6 RIN 1235-AA39 4510-27-P https://www.govinfo.gov/app/details/FR-2024-04-26/2024-08038 https://www.govinfo.gov/content/pkg/FR-2024-04-26/html/2024-08038.htm https://www.govinfo.gov/content/pkg/FR-2024-04-26/pdf/2024-08038.pdf Labor Minimum Wages Overtime Pay Salaries Teachers Wages 132 p. 32842 32973 89 FR 32842 Title 29 Part 541 29 CFR Part 541 RIN 1235-AA39 Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees; Federal Register Vol. 89, Issue RULE 2024-08038 IV DEPARTMENT OF LABOR Wage and Hour Division 2024-07-01 4510-27-P 2024-08038 Final rule.

The Department of Labor (Department) is updating and revising the regulations issued under the Fair Labor Standards Act implementing the exemptions from minimum wage and overtime pay requirements for executive, administrative, professional, outside sales, and computer employees. Significant revisions include increasing the standard salary level, increasing the highly compensated employee total annual compensation threshold, and adding to the regulations a mechanism that will allow for the timely and efficient updating of the salary and compensation thresholds, including an initial update on July 1, 2024, to reflect earnings growth. The Department is not finalizing in this rule its proposal to apply the standard salary level to the U.S. territories subject to the Federal minimum wage and to update the special salary levels for American Samoa and the motion picture industry.

The effective date for this final rule is July 1, 2024. Sections 541.600(a)(2) and 541.601(a)(2) are applicable beginning January 1, 2025. Daniel Navarrete, Acting Director, Division of Regulations, Legislation, and Interpretation, Wage and Hour Division, U.S. Department of Labor, Room S-3502, 200 Constitution Avenue NW, Washington, DC 20210; telephone: (202) 693-0406 (this is not a toll-free number). Alternative formats are available upon request by calling 1-866-487-9243. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Labor Minimum Wages Overtime Pay Salaries Teachers Wages Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, http://archive.riksbank.se/Upload/WorkingPapers/WP_159.pdf http://www.sca.isr.umich.edu/ https://advocacy.sba.gov/resources/the-regulatory-flexibility-act/rfa-data-resources-for-federal-agencies/ https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/844350/impacts_of_minimum_wages_review_of_the_international_evidence_Arindrajit_Dube_web.pdf https://data.sba.gov/dataset/small-business-size-standards/resource/d89a5f17-ab8e-4698-9031-dfeb34d0a773 https://doi.org/10.1016/j.tourman.2018.10.029 https://dx.doi.org/10.17016/FEDS.2015.042 https://equitablegrowth.org/research-paper/overworked-america/?longform=true https://home.treasury.gov/news/featured-stories/the-us-economy-in-global-context https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2597174 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2705499 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3608506 https://raw.githubusercontent.com/SimonQuach1/Papers/main/Quach_OT.pdf?token=AH2DVMEDLJGBAWFAVXXUNMDAYGGDQ https://simba.isr.umich.edu/data/data.aspx https://stats.oecd.org/index.aspx?DataSetCode=ANHRS https://thf_media.s3.amazonaws.com/2015/pdf/BG3031.pdf https://www.bls.gov/cps/cpsaat01.htm https://www.bls.gov/cps/research/nonhourly/earnings-nonhourly-workers.htm https://www.bls.gov/emp/ind-occ-matrix/matrix.xlsx https://www.bls.gov/news.release/wkyeng.t01.htm https://www.bls.gov/oes/current/oes110000.htm https://www.bls.gov/oes/current/oes131141.htm https://www.cbo.gov/system/files/2023-02/58848-Outlook.pdf https://www.census.gov/content/dam/Census/programs-surveys/cps/updated-2022-cps-puf-changes.pdf https://www.census.gov/data/datasets/2020/econ/local/public-use-datasets.html https://www.census.gov/data/tables/2017/econ/gus/2017-governments.html https://www.census.gov/programs-surveys/cog.html https://www.census.gov/programs-surveys/susb.html https://www.census.gov/topics/employment/industry-occupation/guidance/code-lists.html https://www.chicagofed.org/publications/chicago-fed-letter/2023/491 https://www.cuna.org/advocacy/credit-union---economic-data/data---statistics/credit-union-profile-reports.html https://www.dallasfed.org/∼/media/documents/research/er/1996/er9601a.pdf https://www.dol.gov/agencies/whd/contact/local-offices https://www.dol.gov/agencies/whd/fact-sheets/21-flsa-recordkeeping https://www.fdic.gov/foia/ris/id-sdi/index.html https://www.gao.gov/assets/230/228036.pdf https://www.govinfo.gov/content/pkg/FR-2022-09-29/pdf/2022-20513.pdf https://www.healthcare.gov/glossary/Federal-poverty-level-fpl/ https://www.irs.gov/statistics/soi-tax-stats-corporation-income-tax-returns-complete-report-publication-16 https://www.mercatus.org/hayekprogram/research/working-papers/economic-analysis-overtime-pay-regulations https://www.nass.usda.gov/Publications/AgCensus/2017/Full_Report/Volume_1,_Chapter_1_US/usv1.pdf https://www.onetcenter.org https://www.regulations.gov https://www.richmondfed.org/publications/research/economic_brief/2022/eb_22-12 regulations.gov Vol. 89, no. 82 Office of the Federal Register, National Archives and Records Administration 2024-04-26 continuing daily deposited born digital 829 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2024-04-26 P0b002ee1c680bdea 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr26ap24 https://www.govinfo.gov/app/details/FR-2024-04-26 https://www.govinfo.gov/content/pkg/FR-2024-04-26/pdf/FR-2024-04-26.pdf https://www.govinfo.gov/content/pkg/FR-2024-04-26/xml/FR-2024-04-26.xml fdlp 32361 33182 DGPO 2024-04-26 2024-05-02 FR-2024-04-26 machine generated eng FR FR-2024-04-26 89 82