DOL's Revised Overtime Rule Moves Closer to Publication
The Department of Labor (DOL) has sent its revised rule for the minimum salary of white-collar employees to the Office of Information and Regulatory Affairs (OIRA) at the end of last week. This move brings the final rule a step closer to publication.
The final rule is expected to go into effect within 60 to 90 days after its publication in the Federal Register. However, the timeline may vary as OIRA review periods can differ. For instance, the independent contractor rule took from September 2023 to early January 2024, while the Davis-Bacon revision took from December 2022 to August 2023.
The Biden Administration initially targeted April 2024 for publishing the final rule. Now, after OIRA's review, DOL will publish the final overtime rule. Despite the anticipation, the rule is likely to face legal challenges, which could potentially delay or even derail its implementation.
The DOL's overtime exemption rule is currently under White House review. After the OIRA review, the final rule will be published in the Federal Register. While the effective date is anticipated within 60 to 90 days post-publication, legal challenges are expected, which may impact the rule's implementation.
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