Bill > S2486

This bill, titled the Restoring Overtime Pay for Working Americans Act, aims to amend the Fair Labor Standards Act of 1938 to ensure more employees are eligible for overtime pay by establishing and gradually increasing salary thresholds for certain exemptions. Specifically, it sets new minimum weekly salary rates for employees to be considered exempt from overtime pay as executive, administrative, or professional employees, starting at $665 per week and increasing annually to $1,090 per week by the third year, after which it will be adjusted annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a measure of inflation. The bill also revises the salary threshold for "highly compensated employees," who are also exempt from overtime, increasing it from $108,000 annually in the first year to $125,000 by the third year, with subsequent annual adjustments tied to the CPI-W. Additionally, it clarifies that employees classified as exempt must spend no more than 50% of their work hours on non-exempt duties. The Secretary of Labor is required to publish notices of these adjusted salary rates and compensation levels in the Federal Register and on the Department of Labor's website at least 60 days before they take effect, and the bill specifies that these changes will become effective one year after enactment.