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Anyone else heard about the proposed (and looks like a sure thing to pass) changes to the Fair Labor Standards Act? The rules for classifying who can be exempt (not paid overtime or limited to 40 hour work week) are gonna change. I'm trying to find more info about it, but from what I've heard, basically if you make $425 a week or $21,000 a year or more you can be classified as exempt and paid straight salary, with no overtime pay for being forced to work over 40 hours. You don't have to be a manager or anything like that. Has anyone heard anything about it?
Thanks for the link 1997RangerXLT. I think that this link, however, shows what the law is now, and the proposed changes will really change the method for determination of status- the current definition of a manager who "uses discretion and judgement" are going away-- for example, you can now be classified exempt if your work "requires a high level of skill or training" or are a "learned professional" who has acquired knowledge through work experience.
I got this from the following link I found through a search: http://www.franczek.com/publications...egulations.PDF
My 20 years in the US Navy required some overtime hours. I didn't get a dime, but I sure saw some shipyard workers and merchant marines rake in some heavy, heavy bucks.
20 in the Navy myself as an Engineman and if they paid overtime, they wouldn't have any budget left over. Spent many a 24-36 hour stretch getting the diesels back together in time to get underway.
Hmmm? lets see... in 1973 I averaged $0.19 per hour in the Navy.
Of course they were providing room and board and showing me the wonderful world of the Brown Water Navy.
Overtime puts food on my table. It's the only way a wage earner can supplement his income without selling illicit substances or getting a second job.
That sounds really liberal, but unfortunately, it's the truth.
Oh well, I am going on salary soon anyways, so it doesn't matter.
BDV
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