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BEGIN:VEVENT
DTSTART:20160808T170000Z
DTEND:20160808T180000Z
X-MICROSOFT-CDO-ALLDAYEVENT:FALSE
SUMMARY:FLSA Overtime Rule Change- Lunch and Learn
DESCRIPTION:FLSA Overtime Rule Change: \n\nOn May 18\, 2016\, the Department of Labor (DOL released a new rule overhauling overtime wage payment in the United States.  The new rule will more than double the salary threshold that employees must meet to qualify for overtime pay. \n\n \n\nUnder the new rule\, the salary threshold will increase from $23\,660 to $47\,476 per year.  It also increases the salary threshold for highly compensated individuals from $100\,000 to $134\,000 per year.  The salary threshold will be updated every three years.  \n\n The new rule could affect more than 4 million workers in the United States.  According to estimates from the DOL\, employers will spend more than $592 million to comply with the new rule.  Employers who fail to implement overtime  changes could be subject to lawsuits\, criminal charges\, fines and restrictions in commerce.\n\n \n\nWhen do I have to comply? \n\nEmployers have until Dec. 1\, 2016 to comply with this new rule.  Delaying preparation efforts could result in headaches down the road and costly penalties.
X-ALT-DESC;FMTTYPE=text/html:<span style="font-style:italic\;font-weight:bold\;language:en-US\;"><span style="color:red\;"><span style="font-family:calibri\;"><span style="font-size:14.0pt\;">FLSA Overtime Rule Change: </span></span></span></span><br />\n<span style="language:en-US\;"><span style="font-family:calibri\;"><span style="font-size:14.0pt\;">On May 18\, 2016\, the Department of Labor (DOL released a new rule overhauling overtime wage payment in the United States.&nbsp\; The new rule will more than double the salary threshold that employees must meet to qualify for overtime pay. </span></span></span><br />\n&nbsp\;<br />\n<span style="language:en-US\;"><span style="font-family:calibri\;"><span style="font-size:14.0pt\;">Under the new rule\, the salary threshold will increase from $23\,660 to $47\,476 per year.&nbsp\; It also increases the salary threshold for highly compensated individuals from $100\,000 to $134\,000 per year.&nbsp\; The salary threshold will be updated every three years.&nbsp\; </span></span></span><br />\n&nbsp\;<span style="font-size:14pt\;"><span style="font-family:calibri\;">The new rule could affect more than 4 million workers in the United States.</span></span>&nbsp\; <span style="font-size:14pt\;"><span style="font-family:calibri\;">According to estimates from the DOL\, employers will spend more than $592 million to comply with the new rule.</span></span>&nbsp\; <span style="font-size:14pt\;"><span style="font-family:calibri\;">Employers who fail to implement overtime</span></span>&nbsp\; <span style="font-size:14pt\;"><span style="font-family:calibri\;">changes could be subject to lawsuits\, criminal charges\, fines and restrictions in commerce.</span></span><br />\n&nbsp\;<br />\n<span style="font-style:italic\;font-weight:bold\;language:en-US\;"><span style="color:red\;"><span style="font-family:calibri\;"><span style="font-size:14.0pt\;">When do I have to comply? </span></span></span></span><br />\n<span style="language:en-US\;"><span style="font-family:calibri\;"><span style="font-size:14.0pt\;">Employers have until Dec. 1\, 2016 to comply with this new rule.&nbsp\; Delaying preparation efforts could result in headaches down the road and costly penalties.&nbsp\; </span></span></span><br />\n&nbsp\;
LOCATION:510 Market Street Fulton\, MO 65251
UID:e.1836.9843
SEQUENCE:3
DTSTAMP:20260427T195401Z
URL:https://business.callawaychamber.net/events/details/flsa-overtime-rule-change-lunch-and-learn-08-08-2016-9843
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