New Overtime Rules May Affect Your Pay

2746117951_ba77914e86_zIn the next few months, millions of workers may become eligible for overtime pay thanks to new rules for employers.

Everyone’s first assumption is that the rule change will mean bigger paychecks. But that may not be how it plays out for some or even many.

Today, the only way you’re automatically guaranteed time-and-a-half pay after logging 40 hours a week is if you earn less than $23,660 a year ($455 a week).

A soon-to-be unveiled proposal from the Department of Labor is expected to raise that threshold. Observers believe the proposed salary threshold will fall somewhere between $42,000 and $52,000, although some advocates would like to see it go as high as $69,000.

Find out more at CNN Money.

Photo courtesy of: AamerJaved