Updates in the Law
The Department of Labor (DOL) announced its Final Rule, effective 1/15/20, clarifying that the following perks/benefits may be offered without including them in the calculation of employees’ regular rate of pay for overtime:
As was noted above, these new regulations go into effect on January 15th. Employers should consider reevaluating their overtime practices to ensure their continued compliance with the new regulations. A DOL fact sheet can be found here.