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BEGIN:VEVENT
DTSTART:20160926T173000Z
DTEND:20160926T183000Z
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SUMMARY:2016 Labor Law Update Workshop
DESCRIPTION:Monday\, September 26\, 2016\n\n12:30-1:30 p.m.\n\n\n\nSpeaker: Kayla Storm\, Investigator\, US Dept. of Labor\, Wage & Hour Div.\n\n\n\nLocation:\n\nCVB/Chamber Board Room\n\n2111 North Trenton Street\n\n255-2031\n\n\n\nIf you are not available\, suggest that your CPA/Accountant attend.\n\n\n\nOn May 18\, 2016\, President Obama and Secretary Perez announced the publication of the Department of Labor's final rule updating the overtime regulations\, which will automatically extend overtime pay protections to over 4 million workers with the first year of implementation.\n\n\n\nKey Provisions of the Final Rule\n\n\n\nThe Final Rule focuses primarily on updating the salary and compensation levels needed for Executive\, Administrative and Professional workers to be exempt. Specifically\, the Final Rule:\n\n\n\n1. Sets the standard salary level at $913 per week\; $47\,476 annually for a full-year worker\;\n\n\n\n2 Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of $134\, 004\; and\n\n\n\n3. Establishes a mechanism for automatically updating the salary and compensation levels every three years.\n\n\n\nThe effective date of the Final Rule is December 1\, 2016.\n\n\n\nAre you prepared? Do you have a plan of action for your organization?\n\n\n\nJoin us to learn what you need to do to create a plan\, or to ensure that your existing plan will comply with the new regulation.
X-ALT-DESC;FMTTYPE=text/html:<p>Monday\, September 26\, 2016<br />\n12:30-1:30 p.m.<br />\n<br />\nSpeaker: Kayla Storm\, Investigator\, US Dept. of Labor\, Wage &amp\; Hour Div.<br />\n<br />\nLocation:<br />\nCVB/Chamber Board Room<br />\n2111 North Trenton Street<br />\n255-2031<br />\n<br />\nIf you are not available\, suggest that your CPA/Accountant attend.<br />\n<br />\nOn May 18\, 2016\, President Obama and Secretary Perez announced the publication of the Department of Labor&#39\;s final rule updating the overtime regulations\, which will automatically extend overtime pay protections to over 4 million workers with the first year of implementation.<br />\n<br />\nKey Provisions of the Final Rule<br />\n<br />\nThe Final Rule focuses primarily on updating the salary and compensation levels needed for Executive\, Administrative and Professional workers to be exempt. Specifically\, the Final Rule:<br />\n<br />\n1. Sets the standard salary level at $913 per week\; $47\,476 annually for a full-year worker\;<br />\n<br />\n2 Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of $134\, 004\; and<br />\n<br />\n3. Establishes a mechanism for automatically updating the salary and compensation levels every three years.<br />\n<br />\nThe effective date of the Final Rule is December 1\, 2016.<br />\n<br />\nAre you prepared? Do you have a plan of action for your organization?<br />\n<br />\nJoin us to learn what you need to do to create a plan\, or to ensure that your existing plan will comply with the new regulation.</p>\n
LOCATION:Location: CVB/Chamber Board Room 2111 North Trenton Street 255-2031
UID:e.682.7984
SEQUENCE:3
DTSTAMP:20260504T190126Z
URL:https://business.rustonlincoln.org/events/details/2016-labor-law-update-workshop-7984
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