This bill codifies the federal paid overtime salary threshold for a salaried employee by adding the salary level of $58,656 per year and the 35th percentile of weekly earnings for full-time salary workers in the lowest-wage census region as published by the United States Department of Labor, Bureau of Labor Statistics, or its successor agency, to the existing provision that details the compensation amounts in order for a salaried employee to be exempt from the laws governing minimum wage and overtime pay.

Statutes affected:
Bill Text LD 599, SP 283: 26.663