On April 23, the Department of Labor (DOL) issued the final rule
to change the criteria that establishes whether employees are eligible for overtime pay. The rule increases the minimum salary threshold to $43,888 (or $844/week) on July 1, 2024, and then to $58,656 (or $1,128/week) on January 1, 2025. The rule also implements automatic updates to the threshold that will occur every three years. The duties test has not been changed.
Based on past lessons learned and in anticipation of lawsuits challenging the final rule, the University is planning a two-step implementation process.
Step 1: The University is committed to changing the minimum salary threshold from $35,568 to $43,888 on July 1, 2024, even if there is litigation challenging the new final rule.
Step 2: The University will monitor official announcements from the US Department of Labor and related regulatory bodies to determine if the salary threshold will increase on January 1, 2025. Once this determination has been made, OHIO will provide updates and guidance for next steps as more information becomes available.