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U.S. Department of Labor Increases Salary Thresholds for Overtime Exempt Employees — Planning Should Begin Now for December 2016 Roll-Out

Employer wage obligations are expected to rise in the United States in 2017, now that the U.S. Department of Labor (“DOL”) has announced the implementation date of its new regulatory Rule increasing the minimum salary that must be paid to employees for them to qualify as overtime “exempt” under the federal Fair Labor Standards Act (“FLSA”).