Controversial regulations raising the threshold for overtime payments under the Fair Labor Standards Act face anything from presidential tinkering to a court challenge or six-month delay. However, brokers and advisers are still urged to review the rules with their employer clients given the widespread level of uncertainty about their eventual impact.
House Republicans have proposed delaying the rules from Dec. 1, 2016 to June 1, 2017, while Republican presidential nominee Donald Trump favors exempting small businesses. Also, 21 states recently requested that a federal judge block their implementation. The Labor Department already has extended the comment period to help an estimated 4 million-plus businesses comply.
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