The Labor Department intends to revise the law governing time-and-a-half overtime calculations.
The DOL’s Wage and Hour Division will “clarify, update, and define regular rate requirements,” the administration announced as part of the unified regulatory agenda released May 9. The regular rate of pay refers to an employee’s typical hourly rate, which is multiplied by 1.5 to determine overtime earnings for hours exceeding 40 in a workweek.
The previously undisclosed initiative is separate from an effort to modify the Obama administration’s rule to expand overtime access.
Labor Department officials from the Obama and George W. Bush administrations contacted by Bloomberg ...