Small Business Administration
Office of Advocacy
Regional Roundtable on
DOL’s Overtime Regulations
Thursday, July 16, 2015, 2:00–4:00PM (EST)
Room: Bluegrass I-II
280 West Jefferson
Louisville, Kentucky 40202
Dear Small Business Representatives:
The Office of Advocacy of the Small Business Administration invites you to a Small Business Regional Roundtable to discuss the Department of Labor’s Overtime Regulations. On June 30, 2015, the Department of Labor’s Wage and Hour Division released a proposed rule that revises the overtime regulations under the Fair Labor Standards Act, specifically the “white collar” exemption from overtime pay for executive, administrative and professional employees. Public comments are due to DOL on Sept. 6, 2015 (approximate date).
Please RSVP by reply email if you plan to attend the meeting to: Janis.Reyes@sba.gov or call at 202-619-0312. Please RSVP as soon as possible, as space is extremely limited.
Some details of the proposed rule by DOL are as follows:
- A double the salary threshold for employees who are eligible to receive overtime pay, from $23,660 to $50,440;
- The rule is not proposing regulatory changes to the duties tests, which require employees to perform certain primary duties to qualify for an overtime exemption. However, DOL is seeking feedback on whether these duties tests should be revised.
- Estimates that an affected small establishment is expected to incur $100 to $600 in direct costs and $320 to $2,700 in additional payroll costs to employees in the first year this rule is implemented; and
- Estimates that each small establishment will spend one hour of time for regulatory familiarization; one hour per each affected worker in adjustment costs; and five minutes per week scheduling and monitoring each worker expected to be classified as overtime eligible as a result of the proposed rule.
Mary Ziegler, Director, Division of Regulations, Legislation and Interpretation, from the Department of Labor will provide a brief description of this new regulation. In addition, SBA representatives have also been invited to discuss their programs.
Please note that during the roundtable we will not be seeking any collective consensus on these issues and that comments made during this roundtable will not be considered official comments in this rulemaking process. However, Advocacy is seeking feedback from you on the number and types of small businesses likely to be affected by this rulemaking, the compliance costs of this rule to these small businesses, and any significant regulatory alternatives that may minimize the impacts of this rule.
For more information on the proposed rule:
- Provide Comments to DOL on Regulations.gov.
- Link to the PDF of the Proposed Rule on DOL’s Website.
- Link to the Fact Sheet on DOL’s Website.
- Link to the FAQ on DOL’s Website.
- Advocacy Contact: Janis Reyes(link sends e-mail) or call 205-205-6533
Advocacy is an independent voice for small business within the federal government, the watchdog for the Regulatory Flexibility Act (RFA) and the source of small business statistics. Advocacy advances the views and concerns of small business before Congress, the White House, the federal agencies, the federal courts and state policy makers. Advocacy takes its direction from small businesses and hosts roundtables to receive input on what areas are of greatest importance. Roundtable meetings are open to all interested persons, with the exception of the press, in order to facilitate an open and frank discussion about small business-related issues. Agendas and presentations are available to all, including the press. Anyone who would like to receive roundtable agendas or presentations, or be included in the regular distribution, should forward such requests to janis.reyes@sba.gov. The purpose of these roundtable meetings is to exchange opinions, facts, and information and to obtain the attendees’ individual views and opinions regarding small business concerns. The meetings are not intended to communicate or achieve any consensus positions of the attendees.