David Canupp talks about waking up from nightmare of implementing new overtime rules
December 1, 2016, update of this news article: The U.S. Department of Labor has filed a notice of appeal to the U.S. District Court's decision. That means we all have to "stay tuned" for a decision from the U.S. Fifth Circuit Court of Appeals.
The U.S. Department of Labor (DOL) issued new overtime rules that were to go into effect on December 1, 2016; but a U.S. District Judge in Texas issued a nation-wide injunction on November 22 that blocked the rules from going into effect. Because the new rules could have required employers to increase the pay of around 4 million employees, some employers have described the injunction as waking up from a nightmare.
On November 29, David Canupp held a lunch-and-learn seminar about the new rules and what to expect as a result of the injunction and the potential fate of the new rules because of Donald Trump’s election.
Summary of presentation: Even though the new overtime rules are currently enjoined, an appeal may overrule the injunction and employers still need to be prepared to implement the rules. It’s important that employer’s “stay tuned” for developments.
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