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AGB Policy Alert: U.S. Department of Labor Issues New Overtime Rule

On April 26, 2024, the U.S. Department of Labor (DOL) issued a new rule regarding “exempt” and “nonexempt” employee status under the Fair Labor Standards Act (FSLA). The new rule revises the standard salary threshold and will classify more workers as nonexempt and therefore eligible for overtime pay. The threshold will be raised beginning July 1, then again on January 1, 2025.

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Gordon Gee’s Last Stand

E. Gordon Gee likes to tell a joke that goes like this: When he first became a university president, in 1981, at age 37, he was doing a bad job. One day a couple of older professors told him as much. His problem, they informed the young president, was that he did not look or act the part.

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