Hey Compliance Warriors!
We’ve been keeping a close eye on the DOL’s new proposed overtime rule. So here’s a quick video update as to the latest happenings…
TRANSCRIPT:
Hey Compliance Warriors, Lisa Smith here with some exciting breaking news. So we know that the new proposed rule for overtime exemptions was released, I guess you could say a couple of weeks ago. However, it hasn’t been in the federal register yet for us to go review for ourselves. A little light reading, right for those rainy days. Well, it’s there now. So all you need to do is go to regulations.gov and just kind of look through the recently published. Today is March 22nd so look at, you know, the 21st and 22nd and you will be able to find the rule there. Now here is the important part. If you want to be a part of this process, all you need to do is pull up that rule, read through it, put together the comments, the suggestions that you have and comment. You have until May 21st to submit your comments. So get your comments in, let your voice be heard. And you never know. They may use a suggestion that you, that you give. I will say that I believe from what I’ve read and from what the other attorneys around the world are saying about this, is that DOL is pretty dead set on what they’ve published. And to be honest, it’s not unfair. So I think it’s going to be very well received. Look through it, see what you think, comment, let us know what you think. And we’re just going to go from there. But the fact that they’ve met their deadline means that this is going to end in 60 days and then they’re going to take another 60 to 90 days to review it probably. And that means that if there aren’t any other changes or if the changes are minimal and they don’t require another comment period, we’re probably going to have a go date of, so we’ve got to all start getting ready for this. So go out, read the rule, make your comments, and get ready for January 1st. Well, until next time, I’ll see you around.
I’m Lisa Smith, Be Audit Secure!
