new salary overtime law
the minimum weekly salary for exempt employees will be raised from the current $ 455 to a likely $ 970 in 2016 if the department of labor s dol s overtime pay revisions go into effect as proposednder its proposed rules the dol sets the salary threshold for the white collar exemptions at the 40th percentile of weekly earnings for full time salaried workers nationwide for 2013 using data from the bureau of labor statistics that figure was $ 921 per week or $ 47892 per year