New salary requirement for exempt
New Salary Requirement for Exempt (salaried) Positions
Memo to Exempt Employees Regarding the FLSA Changes Dear [Employee Name]: As an exempt employee, you are currently exempt from being paid overtime under the federal Fair Labor Standards Act (FLSA), due to both your job duties and the amount of salary you are paid.
[DOC File]Annual Electronic Filing Requirement for Small Exempt ...
https://info.5y1.org/new-salary-requirement-for-exempt_1_abb3aa.html
The biggest change relates to the minimum salary required to be exempt from overtime pay. No new effective date has been formalized but many expect them to go into effect during 2016, unless Congress intervenes. The effective date is expected to be within 60 or 90 days of the publication of the final rule.
[DOC File]home - Cleary Insurance
https://info.5y1.org/new-salary-requirement-for-exempt_1_899ad3.html
Salary Requirement - The $155 weekly salary requirement for administrative exemption is met if the employee is compensated bi-weekly on a salary basis of $310, semi-monthly on a salary basis of $335.83 or monthly on a salary basis of $671.67.
[DOC File]HOURS OF WORK AND OVERTIME COMPENSATION
https://info.5y1.org/new-salary-requirement-for-exempt_1_4dd9d1.html
Salary level: Employee must be paid at least a $455 salary per week which is $23,660 annually. There are special rules for using non-discretionary bonuses to meet up to a maximum of 10% of the new salary …
[DOC File]University of Tennessee system
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Oct 11, 2016 · The minimum salary for an employee designated as exempt will change from $23,660 per year ($455 per week) to $47,476 per year ($913 per week). An employee who is paid less than $47,476 per year will be entitled to overtime pay.
[DOCX File]Microsoft Word - FLSA Frequently Asked Questions for …
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Is there a new minimum amount exempt-salaried workers must be paid? As of January 1, 2018, the new minimum salary requirement is $576.93 per week. As of January 1, 2019, the new minimum salary requirement is $634.62 per week.
[DOCX File]North Risk Partners
https://info.5y1.org/new-salary-requirement-for-exempt_1_6a6af2.html
Effective January 1, 2020, the US Department of Labor is changing the new minimum salary for which an employee can be designated as exempt from overtime requirements from $455 per week or $23,660 per year …
[DOC File]Overtime Proposed Rules October 2015 (OFS6521).DOC
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The final requirement is new: Executives must do more than supervise to be classified as exempt. ... The salary requirement doesn’t apply to doctors or lawyers. Teachers employed by educational establishments whose primary duty is teaching, tutoring, instructing or lecturing in the activity of imparting knowledge. Teachers may be certified by ...
[DOCX File]Maine.gov
https://info.5y1.org/new-salary-requirement-for-exempt_1_00a421.html
Small tax-exempt organizations whose annual gross receipts are normally $25,000 or less ($50,000 for tax years ending on or after December 31, 2010) may be required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ.
[DOC File]UCF Human Resources
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Higher Salary Threshold Requirement. The final rule increases the minimum salary level of $455 per week ($23,660 per year) to . $913 per week. or $47,476 per year. The new salary level represents the 40th percentile of wages earned by workers in the lowest-wage census region in the United States (currently the South) for a full-year worker.
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