--- title: Don't Risk Penalties and Legal Consequences description: Don't risk penalties and legal consequences - DOL final overtime rule guidelines image: https://koppingerins.com/hubfs/20240507_090920.jpg --- [![Koppinger & Associates logo](https://koppingerins.com/hs-fs/hubfs/01609-KA-Logo-CC-1.png?width=1800&height=384&name=01609-KA-Logo-CC-1.png "Koppinger & Associates logo")](https://koppingerins.com) [![Koppinger & Associates logo](https://koppingerins.com/hs-fs/hubfs/01609-KA-Logo-CC-1.png?width=1800&height=384&name=01609-KA-Logo-CC-1.png "Koppinger & Associates logo")](https://koppingerins.com) - [Home](https://koppingerins.com) - Solutions - [Business insurance & P&C](https://koppingerins.com/business-insurance-pc-solutions) - [Employee benefits & HR](https://koppingerins.com/employee-benefits-and-hr-solutions) - [Knowledge Center](https://koppingerins.com/blog) - [About](https://koppingerins.com/about) - [Contact](https://koppingerins.com/contact) - [HR Library](https://auth.zywave.com) # Don't Risk Penalties and Legal Consequences May 14 2024 Categories: [HR Solutions](https://koppingerins.com/blog/tag/hr-solutions), [Latest Updates](https://koppingerins.com/blog/tag/latest-updates) ![Don't Risk Penalties and Legal Consequences](https://koppingerins.com/hubfs/20240507_090920.jpg) **DOL Announces Final Overtime Rule Increasing Salary Levels for White-Collar Employees**   The DOL recently announced a final rule that expands overtime by increasing salary thresholds required to exempt a salaried executive, administrative, or professional employee from overtime pay requirements.  The Department's regulations require these types of employees to be paid at least a minimum salary amount to be exempt from the Fair Labor Standards Act's minimum wage and overtime requirements.   The final rule will increase the standard salary level and the highly compensated employee's total annual compensation threshold on July 1, 2024, and on January 1, 2025, when changes in the methodologies used to calculate these levels become applicable. The final rule also provides for future updates of these levels every three years to reflect current earnings data. These scheduled increases are displayed below. ![DOL Final Rule](https://koppingerins.com/hs-fs/hubfs/DOL%20Final%20Rule.jpg?width=890&height=388&name=DOL%20Final%20Rule.jpg) **[FAQs About the DOL's Final Overtime Rule](https://link.edgepilot.com/s/66d36c24/zUZYnVU0YkGWxcqpG8nZpg?u=https://koppingerins.us4.list-manage.com/track/click?u=713987f7ce6412fef43a40f3d%26id=6cfb8a1a46%26e=6b067dc2a6)** **Overwhelmed with compliance? 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