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The biggest overhaul of the overtime laws in U.S. history takes effect in approximately 10 weeks. Starting Dec. 1, the minimum annual salary for employees to be considered exempt from the Fair Labor Standards Act’s (FLSA) overtime regulations will increase to $47,476 or $913 per week up from $23,660 or $455 per week. Employee positions are classified as either “nonexempt” or “exempt”. Nonexempt employees are entitled to overtime pay. Exempt employees are not.
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