Update on the New Federal Overtime Regulations and the New York Minimum Wage

On May 18, 2016, the U.S. Department of Labor (“DOL”) announced the DOL’s final rule extending coverage of overtime pay under the federal Fair Labor Standards Act (“FLSA”). Along with the announcement, the DOL released guidance on the final rule and the FLSA’s requirements after the rule becomes effective on Dec. 1, 2016. In this article, partners Mark Brossman, Ronald Richman and Holly Weiss, special counsel Scott Gold, and associate Adam Gartner detail the effects of these new regulations and provide an update on New York minimum wage requirements.