WASHINGTON, May 18 (UPI) -- The Department of Labor on Wednesday finalized new rules extending protections to 4.2 million workers who work more than 40 hours per week but do not receive overtime pay.
The White House announced Tuesday the rules, to go into effect on December 1, raise the salary threshold under which most salaried workers are guaranteed overtime pay, from $23,660 to $47,476 per year, with an adjustment assured every three years. Doubling the threshold, the White House said in a statement, will provide workers with an additional $12 billion in wages over the next 10 years.