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Time's Up

New laws tell you who gets overtime--and who doesn't.

This story appears in the October 2004 issue of Entrepreneur. Subscribe »

Who's eligible for ? Under new (DOL) rules that took effect in August, employees earning more than $100,000 a year in executive, administrative and professional jobs will no longer be eligible; workers earning less than $23,660 a year will.

Backers say the rules will lead to less overtime litigation. "The regulations haven't changed in 50 years," says Larry Lorber, and labor partner with , DC, law firm Proskauer Rose, who argued before Congress in favor of the new rules. Employers have had "confusion as to who's exempt."

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