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Our very own Linda Pappajohn recently wrote a summary article regarding the new overtime rule that could come into effect in July 2024.
Under this final rule, starting on July 1, 2024, employees who make less than $844 per week, or $43,888 annualized, could very likely be eligible for overtime pay after working 40 hours in a week. On January 1, 2025, the salary threshold increases to $1,128 per week or $58,656 annualized.
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