New rules just finalized by the Department of Labor hold the promise of there being a little extra in the paychecks of a lot of workers. Many in Texas, Georgia and elsewhere in the country may be of the notion that the new rules only apply to government employees, but that is not the case. Considering that employee rights for federal workers and private sector employees are affected, it seems appropriate to offer this view of the new rule.
To begin with, it is important to note that the new rule is not something that is cookie-cutter-like in its application. The DOL estimates that as many as 4.2 million workers who now are salaried could see a benefit from the rule. But the final number will depend on how employers respond, and they have a number of different options.