By Stephen Miller, SHRM
Employers complying with the Department of Labor's final rule raising the salary threshold for time-and-a-half overtime pay to $35,568, up from $23,660, should consider the effect the new requirements may have on their employee benefit plans.
Some employers have different benefit tiers for salaried/exempt and hourly/nonexempt workers, or use exempt and nonexempt status to determine benefit eligibility and contribution levels, noted Kathryn Wheeler, an attorney with law firm Jackson Lewis P.C.'s employee benefits practice group in Overland Park, Kan. That could present challenges as some employees who were exempt from overtime pay are reclassified as nonexempt, while others receive pay hikes to keep their exempt status."
Want us to share your news or article? Contact Courtney Smyser at email@example.com