New Federal Overtime Rules Could Cost Missouri Two-Million Dollars More
(Jefferson City, MO) — Lawmakers in Jefferson City say an additional two-million dollars in Missouri’s state budget this fiscal year must be included for a new federal overtime rule that begins in December. The Obama administration says anyone making up to 47-thousand dollars must be paid overtime for any time they work more than 40-hours a week. House Budget Committee Chairman Scott Fitzpatrick says the state of Missouri has plenty of employees who fall into the new overtime threshold. The current threshold is 24-thousand dollars. Supporters of the rule say it will help workers receive a fair wage and will help workers provide more for their families. Opponents of the rule say it will force some employers to cut full time workers’ hours and benefits.
Posted on October 20, 2016, in News. Bookmark the permalink. Comments Off on New Federal Overtime Rules Could Cost Missouri Two-Million Dollars More.