New overtime regulation halted from taking effect

In a surprise move just nine days before the regulation was to take effect, a Texas Federal Judge issued a nationwide preliminary injunction on the regulation that would require employers to start paying overtime to workers earning salaries under $47,476.00 a year, regardless of the primary duties of that employee.  The regulation was to take effect December 1, 2016.  Due to the preliminary injunction, the current salary threshold of $23,660.00 will remain in effect.  This post will be updated as more information becomes available.  Please refer to the article below for complete information on the rule change.-JN

http://www.wsj.com/articles/federal-judge-issues-nationwide-injunction-putting-overtime-pay-regulation-on-hold-1479857762