May 21, 2024
On April 23, 2024, the Wage and Hour Division of the Department of Labor published a final rule updating these exemptions by increasing the minimum salary requirements. Beginning on July 1, 2024, the minimum annual salary to qualify for the EAP exemption will increase from $35,568 to $43,888; on January 1, 2025, it will increase to $58,656. For highly compensated employees, the minimum annual salary will increase on July 1, 2024 from $107,432 to $132,964; on January 1, 2025, it will increase to $151,164.






