According to a report from Bloomberg BNA, unnamed DOL staffers have stated that the salary threshold in the hotly anticipated FLSA exemption rules will be about $47,000 per year, down slightly from the $50,440 level suggested by the proposed rules published last summer. This is not an official announcement, so while the statement may well be accurate, we suggest waiting until the rules are actually published before employers take any definite action based on the information.
Other final details of the rules, such as whether and how the salary level will be adjusted from year to year, and whether there will be any changes to the “duties” tests for exempt status, also remain unknown.
The final rules are expected to be published within the next few weeks. Stay tuned!