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Last summer, I spoke with Jonathan Segal , a partner with the law firm Duane Morris LLP regarding the proposed overtime rule changes to the minimum weekly salary requirement and the primary duty test. In the final rule, the DOL made the weekly minimum salary ‘only’ $913. And he very graciously said yes.
Even though the contribution percentage is set by law, changes can be made with approval from the National Pension Commission. Providing generous support and security, compensation can range from 30%-90% of monthly salary – both flexible amounts that could be altered based on individual needs! 4. Personal Income Tax Act.
The new threshold represents a 50% increase over the current threshold of $23,660, which was established in 2004. A DOL statement said an additional 101,800 workers should be entitled to overtime pay as a result of the increase to the highly compensated employees salary level. million more Americans eligible for overtime pay.
Much of the employee protection (especially in the firing department) that had been in place from time immemorial is gone and with salary levels frozen, the workforce is about to become competitive. As a reaction to the current crisis, Spanish labor laws have been overhauled so radically that trade unions are still too dizzy to react.
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