Obama Set To Expand Worker Overtime Pay

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Increasing Overtime Pay_8376321316659938710
President Obama is proposing changes to the rules determining which workers get overtime pay.

If he has his way, an estimated five million more salaried workers could become eligible for time-and-a-half once they’ve worked 40 hours a week.

Right now, only salaried workers who make less than $455 a week are guaranteed overtime.

Later this week, the department of labor will propose raising the cutoff to  workers who make $969 a week or less.

That’s about $50,000 a year, before taxes.

If it goes through, the increase would only be the second one since 1975.

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