Are raises for postdoctoral fellows on the way? Department of Labor changes overtime rules.
Last night, the Department of Labor issued a new rule on overtime pay. Effective December 1, 2016, the criteria under which employees will be eligible for overtime pay will be: The salary threshold for eligibility for overtime pay will rise from $455 per week to $913 per week ($47,476 per year). The threshold will automatically update every three years, based on wage growth over time. Overtime protections for salaried workers entitled to overtime will be strengthened. And finally, the one…