Overtime Pay Eligibility Is Widened in New Federal Rule

The US Labor Department announced Tuesday that it had finalized a rule expanding overtime pay eligibility to up to 1.3 million workers, reports the New York Times . Under the new rule, most salaried workers who earn less than about $35,500 per year will be eligible for time-and-a-half overtime pay, up from the current threshold of about $23,700. The rule is scheduled to take effect on Jan. 1.