Last month, the U.S. Department of Labor released its long-anticipated final rule on overtime pay, which will have a significant impact on colleges and universities nationwide. With the assistance of the law firm Ballard Spahr LLP, ACE Vice President and General Counsel Peter McDonough has drafted an issue brief on the new rule to help institutions prepare before it goes into effect on Dec. 1.
The new rule raises the salary threshold to $47,476 from its current level of $23,660, which will turn many lower level, salaried employees into hourly workers eligible for overtime pay. Among those workers likely to be impacted are a wide array of non-faculty employees, including athletic coaches and trainers, admissions recruiters and student affairs officers.
The issue brief summarizes the new overtime rule and how it will impact campuses, offers perspective on how to comply with the new regulation and answers some of the questions presidents and other senior campus leaders may immediately be asking.
The issue brief is intended as general guidance only and does not constitute legal advice.
Register Now for Live ACE Webcast on the Overtime Rule
Meanwhile, ACE is also conducting a live webcast on June 17 featuring a panel of experts discussing the potential challenges campuses will face in implementing the Fair Labor Standards Act overtime pay regulation.
The 90-minute webcast, which begins at 1 pm (EDT), will provide insights and context into the ramifications of the new overtime rule for senior leaders from campus function areas such as human resources, student affairs and business offices.
Click here for more information and to register for the webcast.