U.S. DEPARTMENT OF LABOR UNVEILS NEW OVERTIME RULE

Today the Department of Labor published its final rule updating overtime regulations. The rule, which takes effect on December 1, raises the threshold under which most workers qualify for overtime pay from the current salary threshold of $23,660 to $47,276, extending eligibility to over four million more workers. In a joint Op-Ed, NIH Director Francis Collins and Sec. Perez note the concern from the public and private sectors regarding the impact of this change on postdoctoral researchers, as the annual pay for a postdoc is estimated to be about $45,000. Under the new overtime threshold, they state that universities, teaching hospitals, and other institutions that employ postdocs will have to carefully track their fellows’ hours and pay overtime or raise their salaries in order to qualify them for exemption.

The DOL summary and information page

The Op-Ed