A new Presidential Memorandum “instructs the Secretary of Labor to update regulations regarding who qualifies for overtime protection,” according to an announcement at WhiteHouse.gov. Currently, Fair Labor Standards Act regulations related to overtime pay affect salaried workers earning less than $455 per week. “The president’s order does not prescribe a new salary threshold, and it does not take effect immediately,” reported The New York Times.

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U.S. President Issues Executive Order Regarding Overtime Pay

Mar 17, 2014

A new Presidential Memorandum “instructs the Secretary of Labor to update regulations regarding who qualifies for overtime protection,” according to an announcement at WhiteHouse.gov. Currently, Fair Labor Standards Act regulations related to overtime pay affect salaried workers earning less than $455 per week. “The president’s order does not prescribe a new salary threshold, and it does not take effect immediately,” reported The New York Times.