By Sharon Gold
The Office of the Federal Register officially published the Notice of Proposed Rulemaking (“NPRM”) raising the salary minimum for exempt workers that we discussed last week. The NPRM proposes to raise the minimum salary for exempt workers to $35,308 per year ($679 per week), from the current minimum of $23,660 per year ($455 per week). The NPRM also raises the highly compensated minimum to $147,414 per year, up from the current minimum of $100,000. Once a proposed rule is officially published, the 60 day comment period is open. Employers have until May 21, 2019 to comment. The link to comment is available here.
If the Rule is finalized, it is estimated that 1.1 million workers will have their salaries raised to the minimum or will be eligible for overtime.