In April, the U.S. Department of Labor (DOL) issued a final rule to alter the overtime pay regulations under the Fair Labor Standards Act (FLSA). The rule increases the minimum salary threshold to $43,888 on July 1, 2024.
In order to be in compliance with the final rule, ÃÛÑ¿appUniversity will be implementing updates to assignments for employees who are earning less than $43,888, and are currently exempt from overtime. ÃÛÑ¿appwill use an effective date of June 23, 2024, to be in compliance by July 1, 2024.
Those employees who are currently exempt from overtime, and earning less than $43,888, will have the following changes:
- Hours worked and leave time (sick and vacation) will be tracked in the university's timekeeping system.
- Will become eligible for overtime (either in the form of overtime pay or in compensatory time off) of 1.5 times the hourly rate for all hours in excess of 40 hours in a workweek.
- The payroll schedule will switch from semi-monthly to bi-weekly.
Employees who are affected by this change will continue to receive the same benefits and annualized accruals for sick and vacation leave.
Important Note: Because of the change in payroll schedules from semi-monthly to bi-weekly, employees are encouraged to consider how the change in payroll schedules might impact their schedule for paying bills.
| Date | Payroll |
|---|---|
| June 28, 2024 | Final semi-monthly paycheck for time worked June 16-22, 2024, this will be a partial check for half a pay period (5 days of work). |
| July 12, 2024 | First bi-weekly paycheck for time worked June 23-29, 2024, this will be a partial check for 40 hours. |
| July 26, 2024 | First full bi-weekly paycheck for time worked June 30-July 13, 2024. Pays will continue with the bi-weekly pay schedule. |
Affected employees received notification on June 13, 2024. Timekeeping system training will be available for employees and supervisors. In addition, more information, including FAQs, will be available on the Division of People, Culture and Belonging website and materials are being developed for employees (and their supervisors) affected by this change. Questions can be directed to compensation@kent.edu or 330-672-8668.
FLSA Podcast
Interested in learning more about Fair Labor Standards Act, its creation and how it impacts Kent State? Check out the latest podcast brought to you by the Division of People, Culture and Belonging.