Young Professionals Lunch & Learn - New Fair Labor Standards Act Young Professionals Lunch & Learn - New Fair Labor Standards Act . Please Note --> This is a Past Event!! . Date: 7/20/2016 Time: 12:00 PM TO 1:30 PM Florence County Library System 509 S Dargan St Florence, SC 29506 Phone: (843) 665-0515 Event Description: This event has reached capacity. We hope to schedule another session in the coming weeks! The Overtime Rule In 2014, President Obama directed the Secretary of Labor to update the overtime regulations to reflect the original intent of the Fair Labor Standards Act, and to simplify and modernize the rules so they’re easier for workers and businesses to understand and apply. The department has issued a final rule that will put more money in the pockets of middle class workers – or give them more free time. The final rule will: • Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 million workers. • Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability. • Strengthen overtime protections for salaried workers already entitled to overtime. • Provide greater clarity for workers and employers. The final rule will become effective on December 1, 2016, giving employers more than six months to prepare. The final rule does not make any changes to the duties test for executive, administrative and professional employees. Directions: Stukes Meeting Room Need more information? If you need more information about this event, please complete the fields below: Your Email Address: Please enter email address Your Name: Question / Comment: For general inquiries email us at: info@flochamber.com REGISTER EVENT SPONSORS LINKS Event Location Map Current Weather SET A REMINDER Your Email Address Remind me 1 2 3 4 5 day(s) prior to the event date.