The rule increases this minimum salary threshold, initially to $844 per
week ($43,888 per year) as of July 1, 2024, and then to $1,128 per week
($58,656 per year) as of January 1, 2025. Thereafter, the rule provides for
an automatic update to the threshold every three years based on wage data.
DOL Issues Final Rule Raising Salary Threshold for Exempt Employees