Industry Gets Behind Bill to Reverse Overtime Rule

Overtime Copyright iluistrator lead — Copyright: Iluistrator

NMHC and NAA sent a detailed comment letter to the House Committee on Education and the Workforce on June 6 urging the swift approval of legislation that would overturn the Department of Labor’s (DOL) final overtime rule issued last month. The legislation would also require that a comprehensive economic and impact analysis be conducted prior to a subsequent rule being finalized.

Specifically, the DOL’s final overtime rule lifts the overtime pay threshold from $23,660 to $47,476 - impacting an estimated 4.2 million workers nationwide. Effective December 1, 2016, executive, administrative and professional employees who are paid by the hour, or earn less than the threshold, will be eligible for overtime pay.

Our letter was sent in advance of the Committee’s scheduled June 9 hearing on the rule. We have continued to work tirelessly to overturn this rule since its initial introduction because, in part, it would harm the ability of multifamily employers to implement, and their employees to take advantage of, flexible scheduling options. The final rule would also limit career advancement opportunities for employees.

Deborah Lee dlee@nmhc.org

Matthew Berger mberger@nmhc.org

Industry Gets Behind Bill to Reverse Overtime Rule

June 08, 2016

Staff Resource

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