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Articles : LIBN: Proposed overtime rules would impact LI less

LIBN: Proposed overtime rules would impact LI less

By: Jonathan D. Farrell

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The U.S. Department of Labor plans to increase the standard salary benchmark for full-time salaried workers from the current $455 a week, or $23,660 annually, to $970 per week, or $50,440 annually, President Barack Obama announced June 30. The proposal would more than double the threshold at which employers can avoid paying overtime.