The new overtime white-collar exemption rule will be issued approximately July 2016, according to the U.S. Department of Labor’s fall 2015 regulatory agenda, which the Office of Management and Budget published just before Thanksgiving.

I had earlier reported that Patricia Smith, Solicitor of Labor, had said at the annual labor and employment meeting of the American Bar Association in October that the rule might not be issued until “late 2016.”

The DOL’s proposed rule, issued on June 30, would raise the salary threshold for exemption from the current $23,660 to $50,440. Although the DOL did not propose changes to the “duties” test, the agency did invite comments on that topic, indicating that its mind was still open.