SC Chamber Joins Comments Opposing Proposed Overtime Rule
Last week, the South Carolina Chamber joined the Partnership to Protect Workplace Opportunity (PPWO) and over 240 national, state, and local business associations in filing comments opposing the U.S. Department of Labor’s (DOL) proposed overtime rule, and requested that the rule be withdrawn.
The proposed rule would extend overtime pay to salaried workers earning less than $55,000 a year and automatically update the salary threshold for overtime eligibility every three years to “reflect current earnings data”.
The PPWO estimates that nearly 7.2 million workers could be impacted by the proposed rule if adopted. Additionally, PPWO estimates DOL could issue the final rule as early as March 1, 2024, requiring employers to implement the changes as early as May 1, 2024. Click below for more information.
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