The salary threshold would be $35,308.
The U.S. Department of Labor released today its long-awaited proposed regulations on the executive, administrative, and professional exemptions to the overtime rule under the Fair Labor Standards Act.
A copy of the proposed regs is here.
The DOL's news release is here.
Under the proposal, the salary threshold would increase from the current $455 a week to $679 a week ($35,308 a year). The threshold would also be subject to review and possible adjustment through new rulemaking every four years. Under regulations issued by the Obama Administration but blocked by a court, the threshold would have jumped to $913 a week, or $47,476 a year.
The proposed regulations would not change the "duties tests."
Comments will be accepted for 60 days after the proposed rule is published in the Federal Register, presumably early next week.
That's my very quick-and-dirty. Our wage and hour lawyers will be back with more analysis in the near future.