Minimum Salary for Most Overtime-Exempt Employees Increases to $1,128 per Week
Implementation Date: Vacated
Effective January 1, 2025, the minimum standard salary level for executive employees, administrative employees, professional employees and computer employees who are exempt from the overtime requirements of the federal Fair Labor Standards Act (FLSA) was to increase from $844 per week (or $43,888 per year) to $1,128 per week (or $58,656 per year).
The minimum total annual compensation for highly compensated employees was to increase from $132,964 to $151,164.
+29 CFR § 541.600 and +29 CFR § 541.601, as amended by 89 FR 32842.
On November 15, 2024, the United States District Court for the Eastern District of Texas vacated the rule that established these increases. Commerce v. United States DOL, +2024 U.S. Dist. LEXIS 207864 (E.D. Tex Nov. 15, 2024).