The Independent Insurance Agents & Brokers of America, Inc., alongside the U.S. Chamber of Commerce and more than 50 different business groups, filed a suit on Tuesday against the White House’s efforts to expand overtime pay to workers across the country.
The new regulations raise the overtime eligibility threshold to $47,476 a year from $23,660 a year. Administration officials have estimated that the change could benefit more than 4 million Americans, while businesses and other officials have argued the regulations will force employers to demote salaried workers to hourly positions.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access