Despite last week's election, questions remain about the new federal overtime rule and whether opponents of the rule will continue to push for an alternative "phase-in bill." The Nebraska Chamber has learned that the U.S. Chamber and other business organizations in Washington will continue to lobby for a phase-in bill during the lame duck session. However, it appears increasingly unlikely that Congressional leaders will take up legislation to delay the rule before year's end, and will instead wait to address the rule in the 115th Congress, which begins in January. The new overtime rule is slated to take effect Thursday, Dec. 1. Employers -- both private and public -- should continue to ensure they are compliant. Employers with questions can visit the U.S. Department of Labor's "compliance assistance" website or this general overview site. Also, later today, Nov. 18, from 1 p.m. to 4 p.m. (CT), the Nebraska Chamber will conduct a labor law workshop at The Cornhusker Marriott (333 South 13th, Lincoln). It will feature three labor and employment law specialists. Reserve your spot by calling 402-474-4422
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'CBO: Canceling overtime rule would boost family earnings'
(Washington Examiner) -- WashingtonExaminer.com reports that "a new report from the non-partisan Congressional Budget Office found that canceling the Obama administration's expansion of overtime rules would result in a net increase of $2.1 billion in real income for families in 2017." According to the CBO report, while workers "would still gain overall due to falling prices and rising profits" despite the loss of the higher wage mandate.
http://www.washingtonexaminer.com/cbo-canceling-overtime-rule-would-boost-family-earnings/article/2607361#.WCsPp2U4NTA.twitter
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