The U.S. Department of Labor (DOL) Overtime Rule was finalized in April and will be implemented in two phases for all affected workers. Phase 1 will become effective on Monday, July 1, 2024; Phase 2 will become effective on Jan. 1, 2025.

Legal challenges may delay or narrow the scope of its implementation, or block the changes altogether, but, as of this writing (June 28, 2024), they have not changed its scheduled effective date. Click here for Part 1 of our agent-specific FAQ.