Increase to $47,766 for FLSA "Exempt" Annual Salary Threshold Effective December 1, 2016

The U.S. Department of Labor announced on May 18 that the final rule for changes to the “white collar” exemptions under the Fair Labor Standards Act (“FLSA”) include a raise in the annual minimum salary threshold level to $47,476.00 ($913.00 per week).  The final rule also raises the compensation requirement for the highly compensated employee exemption to $134,004.00 annually. No changes to the “duties” tests for any of the recognized exemptions have been made. The new rule is effective December 1, 2016.

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