U.S. finalizes rule to grant overtime for millions more salaried workers

( ) -q-26- UNDATED (Correspondent Jeremy House) “start of 2025.”

The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.

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TAG: Correspondent Jeremy House reporting. The current overtime eligibility threshold is $35,568, which was set under the Trump administration in 2019 — just three years after a more generous Obama-era effort was ultimately scuttled in court.

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VERBATIM: The move marks the largest expansion in federal overtime eligibility in decades. The Labor Department says starting July 1, employers will be required pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles. That cap will then rise to $58,656 by the start of 2025.