On Tuesday November 22,2016 a federal court issued a preliminary injunction to temporarily block the U.S. Department of Labor (DOL) from implementing and enforcing its Final Overtime Rule nationally, pending further review by the court. What does this mean currently?
- As a result of this ruling, employers do not need to comply by the original December 1 effective date
- The injunction is temporary pending further review by the court
- We have no additional information if or when the status of the regulations will change.
- Balog+Tamburri CPAs will continue to monitor this situation and will keep everyone updated accordingly
Source : Paychex.com/accounting-professionals