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originally posted by: JinMI
a reply to: TheRedneck
For myself and anyone else concerned; from the bill:
“(1) GENERAL RULE.—An employee may receive, in accordance with this subsection and in lieu of monetary overtime compensation, compensatory time off at a rate not less than one and one-half hours for each hour of employment for which overtime compensation is required by this section.
originally posted by: JinMI
a reply to: BuzzyWigs
My understanding is that overtime is federal law and must be paid in excess of 40 hours per work week. Salaried employees are different, were you salaried? Most don't get any extra compensation for overtime, so anything above would be a perk.
I can see where this would not work so well and first hand where it would do wonders. It's all optional so that is a good thing.
originally posted by: SeekingAlpha
You are wrong again regarding salaried employees. Do yourself a favor and do some homework on a topic before spouting off BS. In several incidences OT pay can be awarded to salaried employees.
originally posted by: JinMI
a reply to: BuzzyWigs
My understanding is that overtime is federal law and must be paid in excess of 40 hours per work week. Salaried employees are different, were you salaried? Most don't get any extra compensation for overtime, so anything above would be a perk.
I can see where this would not work so well and first hand where it would do wonders. It's all optional so that is a good thing.
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. There is no limit in the Act on the number of hours employees aged 16 and older may work in any workweek. The Act does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime is worked on such days.
With few exceptions, to be exempt an employee must (a) be paid at least $23,600 per year ($455 per week), and (b) be paid on a salary basis, and also (c) perform exempt job duties. These requirements are outlined in the FLSA Regulations (promulgated by the U.S. Department of Labor). Most employees must meet all three "tests" to be exempt.
Salary level test.
Employees who are paid less than $23,600 per year ($455 per week) are nonexempt. (Employees who earn more than $100,000 per year are almost certainly exempt.)