'A lump of coal' for US employees: Federal judge overturns new overtime rule.
The Department of Labor rule was set to go into effect in two phases. On July 1, 2024, the minimum salary for salaried employees (also known as exempt employees) increased from $35,568 a year to $43,888 a year. On January 1, 2025, it was set to increase to $58,656 a year.
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