New rule from Biden administration expands who can be eligible for overtime pay [Video]

IOWA CITY, Iowa (KCRG) – In Just two months, millions of workers across the U-S will now qualify for overtime pay. Including the average Iowa who makes just more than $37,000 a year according to the US Census Bureau.

In April, the Biden-Harris administration finalized a rule to increase the compensation thresholds for overtime eligibility.

”We’re doing everything in our power to keep them here, to keep them well compensated,” said Christine Hayes, Communications and Development Director for Shelter House.

Starting July 1st, any worker making less than around $43,000 a year must be paid hourly, giving millions of people the opportunity to earn overtime pay.

That threshold increases again in January, and employees making less than around $58,000 will be required to be hourly.

”4.3 million American workers who work over 40 hours a week and are struggling still to make it. This rule will allow them to get a little bit more breathing room,” said Julie Su, …