More than 4 million U.S. workers will become newly eligible for overtime pay thanks to a Federal rule that goes into effect on Dec. 1.
The new Fair Labor Standards Act will be a boost to some worker’s wallets while others will keep the same pay but work fewer hours.
The new rule would make time-and-a-half mandatory for anyone earning less than $47,476 a year.
It would more than double the salary threshold under which employers must pay overtime to their white collar workers. Overtime protections would apply to workers who make up to $913 a week, or $47,476 a year, and the threshold would adjust every three years to reflect changes in average wages.
The Department of Labor estimates that nationally 4.9 million workers will receive the overtime protection.