Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan. The rule proposes automatically updating the salary threshold every three years to reflect current earnings data.
On april 23, 2024, the u.s. The current threshold of about $35,500.
The Update To The Salary Threshold Effective Jan.
On january 1, 2025, the salary threshold would increase even more sharply, to $1,128 per week ($58,656 annually).
$684 Per Week (Equivalent To $35,568 Per Year) $107,432 Per Year, Including At Least.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology.
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These Salary Requirements Do Not Apply.
On january 1, 2025, the salary threshold would increase even more sharply, to $1,128 per week ($58,656 annually).
The 2024 Dol Rule Raises The Minimum Weekly Salary For The Eap Exemption From $684 Per Week To $844 Per Week, Or The Equivalent Salary Of $43,888.
In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated.
