A new regulation has been finalized by the U.S. Department of Labor that expands who is eligible for overtime pay. The overtime threshold hasn’t been properly updated for nearly 50 years, leaving millions of workers without basic overtime protections.
Under the new rule, salaried workers making less than $58,656 per year will become automatically eligible for overtime pay when they work more than 40 hours in a week, even if they are a manager, supervisor, or highly credentialed professional.
Read more: Explaining the Department of Labor’s new overtime rule that will benefit 4.3 million workers
In more wins for workers this week, the Federal Trade Commission voted to ban noncompete agreements in employment. The U.S. Department of Labor also finalized another new rule to protect retirement savers from conflicted investment advice.
Finally, on Monday, the Centers for Medicare and Medicaid Services (CMS) issued a final rule requiring nursing homes to provide 3.48 hours of nursing care per resident, including round-the-clock registered nurse (RN) care. The rule will not only improve the health and wellbeing of residents, but also help grossly underpaid and overworked nursing home workers and reduce turnover, which exceeds 50% annually.