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Time's Up

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

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

Who's eligible for overtime? Under new Department of Labor (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, employment and labor partner with Washington, 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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