Bill > LD599

This bill updates Maine's overtime pay regulations by codifying a new salary threshold for salaried employees who are exempt from minimum wage and overtime laws. Specifically, the bill establishes that a salaried employee working in an executive, administrative, or professional capacity will be considered exempt if their annual compensation meets one of four criteria: (1) earning at least 3,000 times the state's minimum hourly wage, (2) receiving an annual salary of $58,656 or more, (3) earning at least the 35th percentile of weekly earnings for full-time salaried workers in the lowest-wage census region (as determined by the U.S. Department of Labor's Bureau of Labor Statistics), or (4) meeting the annualized rate established by the federal Fair Labor Standards Act. The threshold for the third criterion will be recalculated every three years as of July 1, 2027, ensuring that the overtime exemption keeps pace with changing wage levels. This legislation aims to provide clear, updated guidelines for determining which salaried workers are eligible for overtime pay protections.

Labor and Employment

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=599&snum=132