From: Lexology/Association of Corporate Counsel
Alfred B. Robinson, Jr. | Ogletree Deakins
On Tuesday, May 5, 2015, the U.S. Department of Labor (DOL) announced that it had sent its draft proposed part 541 overtime regulations to the Office of the Information and Regulatory Affairs (OIRA) at the Office of Management and Budget for review. President Obama signed a presidential memorandum on March 13, 2014, directing the Secretary of Labor to revise the Part 541 overtime regulations that define the executive, administrative, professional, outside sales, and computer employee exemptions from overtime and minimum wage requirements contained in section 13(a)(1) of the Fair Labor Standards Act. The DOL last revised these Part 541 regulations in 2004.
In a blog post on the DOL website, Secretary of Labor Thomas Perez wrote that DOL has “worked diligently over the last year to develop a proposed rule that answers the president’s directive and captures input from a diverse range of stakeholders.”. . . .