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NCAE News Brief #36

Regulatory Actions

We have just learned that there will be NO extension to the comment period on the DOL Overtime rule, so comments remain due September 4, 2015 (Friday!) We do not have any good economic data sources, that is why we asked for an extension, so our comments will be more general, however the proposal to raise the salary bar from $23K to $52K (plus) for the overtime exemption nationally will make for significant changes in how employers hire and compensate managers in all areas of work that are not exempt from overtime. We know there are over 3000 comments submitted already, some against and some claiming their lives will be made much better when their salaries are raised or they receive overtime, apparently they have not considered that they may become unaffordable at those prices!

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