CNN —
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
The current threshold is $684 per week, the equivalent of roughly $35,600 a year, which was put in place by the Trump administration in 2019.
The proposed rule would transfer $1.2 billion in wages from employers to employees, mainly from new overtime premiums or pay raises to maintain the exempt status of certain affected employees, the
