Thursday, May 19, 2016
Pallone Praises Rule to Extend Overtime Pay for Millions of Americans
FOR IMMEDIATE RELEASE
May 18, 2016
WASHINGTON, DC – Today, Congressman Frank Pallone, Jr. (NJ-06) praised the Obama Administration’s announcement that the Department of Labor has updated overtime protections for nearly 5 million more workers. The rule makes more than 130,000 additional New Jersey workers eligible for extra pay by guaranteeing overtime pay to most salaried workers earning less than an estimated $47,476 a year.
“Today, too many Americans are working longer and harder, with less to show for their efforts partly because very few workers are eligible for overtime pay,” said Congressman Pallone. “Raising the overtime threshold to better reflect current economic realities and bring an important measure of economic fairness is a tremendous victory for working families. This decision brings us closer to an economy that works for all Americans – one that fairly pays workers for the work they do.”
When the proposal was in its final stages, Pallone wrote to President Obama urging decisive action to significantly raise the income threshold for overtime pay, which currently stands at $23,600.