Flsa Minimum Salary 2024. The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers are entitled to overtime pay protections under the flsa. This fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as defined by.
The 2024 dol rule raised the minimum weekly salary to qualify for the eap exemption from $684 per week to $844 per week, or the equivalent salary of $43,888 per year,. The department of labor (“dol”) issued its final rule on april 23, 2024, increasing the wage thresholds for certain exemptions to minimum wage and overtime.
