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Restoring Overtime Pay Act of 2023
HR 2395/S 1041
This new bill would expand overtime pay eligibility to about 55% of salaried workers earning up to $45,000 annually, which is about $865 per week. This salary threshold would gradually increase by $10,000 in January 2024, 2025, and 2026, when it reaches $75,000 per year, culminating in a salary cap of approximately $82,700 by 2027.
The bill would increase costs for employers and is subsequently on NSGA’s watchlist.
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House – 03/29/2023 Referred to the House Committee on Education and the Workforce, Senate – 03/29/2023 Referred to the Committee on Health, Education, Labor, and Pensions