On April 23, 2024, the Biden administration announced the final overtime rule where the threshold for overtime exemption under the Fair Labor Standards Act (FLSA) will increase from $35,568 to $58,656 per year. The rule goes into effect July 1, 2024. The National Association of Wholesaler-Distributors (NAW), vehemently opposes the Department of Labor’s overtime rule, stating that increasing the minimum salary threshold by at least 65% will stifle employee growth opportunities, diminish workplace autonomy, and limit flexibility.
Read NAW Statement
