On September 24, 2019, the U.S. Department of Labor announced a final rule to make 1.3 million American workers newly eligible for overtime pay. The final rule updates the earnings thresholds necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements, and allows employers to count a portion of certain bonuses/commissions towards meeting the salary level. The new thresholds account for growth in employee earnings since the thresholds were last updated in 2004. The final rule is effective on January 1, 2020.
David Bright, Pugh Hagan Prahm PLC. will share about the U.S. Department of Labor's Overtime Final Rule that adjusts the salary level test, part of a three-part test for determining when white-collar workers are exempt or must be paid overtime for working more than 40 hours in a week.
David practices in areas of law including business, corporate, real estate,
estate planning, probate, nonprofit/tax-exempt organizations, franchise and
distribution, anti-trust and trade regulation, and mergers, acquisitions and
divestitures. Dave has served on many community boards in Iowa City and Cedar
Rapids, including formerly as a member of the University of Iowa Museum of Art
Members Council and currently as a member of the Cedar Rapids Museum of Art
Board of Trustees. He has also served as an Adjunct Professor at the University
of Iowa College of Law. He is a frequent public speaker on issues related to
business formation, estate planning, art and museum law, and nonprofit/tax
Capacity for this webinar will be limited to allow for conversation and questions. To register, sign in or contact Director@iowamuseums.org