The Department of Labor's overtime rule (29 CFR Part 541) significantly changes one of the requirements necessary for exemption by doubling the minimum salary level. The rule raises the salary threshold at which eligible workers qualify for overtime pay from $23,660 to $47,476 per year. The rule becomes effective December 1, 2016 and tribal employers must act quickly to determine the employees and tribal programs that will be impacted.
Labor has always played a critical role in tribal government economic development. At NAFOA, we recognize that in order for tribal governments to succeed in economic development, tribes need to have strong operational and financial policies. If you missed this past year's training opportunities, download the materials today!
Update on H.R. 6094
Although the House passed the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act (H.R. 6094), which would delay the implementation of the Department of Labor's overtime rule from December 1, 2016 to June 1, 2017, the bill still has to pass the Senate. President Obama has threatened to veto the bill. NAFOA encourages tribal employers to continue the process of ensuring compliance with the new overtime rule and not delay preparation.