Flsa Minimum Salary Threshold 2024 Minimum Wage. The july 1 increase updates the present. Department of labor’s final rule increases the minimum salary requirements for white collar exemptions from minimum wage and overtime pay under the fair labor standards act.
The 2024 rule, effective july 1, raised the minimum salary for the eap exemption to $844 per week ($43,888 annually), with another increase set to take effect january 1, 2025,. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.