NLBMDA: DOL’s Overtime Rule Proposal Must Be FixedFebruary 11th, 2016 by Casey Flores
The National Lumber and Building Materials Dealers Association (NLBMDA) is urging its members to take action on a recent federal proposal.
The association opposes the Department of Labor’s (DOL) proposal that would “significantly alter existing overtime rules by raising the salary level under which employees qualify for overtime pay from $455 per week ($23,360 annually) to an estimated $970 per week ($50,440 annually),” according to an NLBDMA statement.
Members have been urged to ask their representative to contact DOL Secretary Thomas Perez and urge him to reconsider the proposed changes.
According to the association, DOL has also proposed automatically increasing the minimum salary threshold on an annual basis and publishing the increased minimum salary only 60 days before its effective date, with no opportunity for comment from employers.
“The magnitude of DOL’s proposal, coupled with the annualized automatic increases with no feedback from employers, threaten businesses, employees and the economy as a whole,” the NLBDMA says.