NEW YORK CITY - Millions of additional salaried workers will be eligible for overtime pay in the U.S. thanks to a new rule passed by the Biden Administration, AP News reports.
The U.S. Department of Labor unveiled a new rule that will extend overtime pay to salaried workers who earn less than $43,888 annually, a measure that will go into effect on July 1. That cap will then rise to $58,656 by the start of 2025. Previously, only workers who made $684 or less each week, or $35,568 annually, were eligible for overtime pay.
