The Department of Labor just announced the proposal to update and revise the regulations under the Fair Labor Standards Act (FLSA). The proposal would implement minimum wage and overtime pay requirements for executive, administrative, professional, outside sales, and computer employees. Currently, employees with a salary below $455 per week ($23,660 annually) must be paid overtime if they work more than 40 hours per week. This new proposal would update the salary threshold using current wage data, projected to January 1, 2020, from $455 to $679 per week (equivalent to $35,308 per year).
One difference from the previous 2016 proposal is the consideration that small, nondiscretionary bonuses could be counted toward the recommended salary-level threshold of $35,308 per year for determining whether someone is exempt from the overtime requirements.
You can read more about the proposal at DOL Fact Sheet-Overtime
Note: The above is only a proposal and no changes will take effect until after the publication of the final rule.