The long-awaited proposed rule increases the threshold for guaranteed overtime pay.
| President Barack Obama on Tuesday announced a sweeping change to the country's overtime pay law by expanding the measure to almost 5 million workers as early as 2016.
But the long-awaited proposed rule will increase the threshold for guaranteed overtime for employees who make less than an estimated $50,440 next year, according to the White House. The salary threshold, only updated once since the 1970s, guarantees overtime for most salaried workers who fall below it, but it is destroyed by inflation every year.
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