U.S. Department of Labor Issues Final Rule on Calculating 'Regular Rate' of Pay for Overtime Rates
January 15, 2020
The U.S. Department of Labor's Wage and Hour Division announced a Final Rule that allows employers to offer perks and other benefits to employees without having to include those forms of payment in the Fair Labor Standards Act’s “time and one-half” calculation when determining overtime rates.
The rule clarifies which perks must be included and which may be provided without being including in regular rate of pay.
The Final Rule took effect Jan. 15, 2020.
