Department of Labor Overhauls Overtime Regulations
On April 20, 2004, the Department of Labor (“DOL”) announced final rules overhauling the overtime regulations of the Fair Labor Standard Act (“FLSA”). The new “FairPay” rules become effective August 18, 2004. The rules provide substantive changes to the FLSA’s overtime regulations, some of which have not been updated since 1949. View full article (PDF).