As the U.S. Department of Labor continues to examine potential revisions to the Obama administration’s “overtime rule” — adopted in 2016 but which never took effect due to a federal judge’s ruling later that year — the department has scheduled five public “listening sessions” in September to receive feedback. The overtime rule raised the salary level for the executive, administrative and professional, and highly compensated employee exemptions, which would have resulted in far more employees being treated as hourly earners had it gone into effect.
Sessions will be held on Sept. 7 in Atlanta; Sept. 11 in Seattle; Sept. 13 in Kansas City, Mo.; Sept. 14 in Denver; and Sept. 24 in Providence, R.I. ABA encourages bankers in or near these areas to attend a listening session and to provide feedback on the effects that the overtime exemption salary level would have on the bank’s business.
In response to the request for Information issued by DOL in July 2017, ABA urged DOL to adopt a single national salary level computed according to the methodology DOL used in its 2004 rulemaking. ABA also opposed any automatic adjustments to the salary level and argued that no changes to the duties tests should be made at this time. Register for a listening session.