FMI Workforce Digital Seminar: New Federal Overtime Thresholds | June 3, 2024



On April 23, 2024, the U.S. Department of Labor issued its final rule to revamp the federal overtime thresholds. In this digital seminar, Jim Paretti, shareholder with the law firm of Littler Mendelson P.C., provides an overview of the final rule and discusses the tiered threshold increases. The final rule increased the standard salary threshold from the current $684 per week or $35,568 per year to $844 per week or $43,888 per year as of July 1, 2024, then further to $1,128 per week or $58,656 per year as of January 1, 2025. The final rule increased the highly compensated total compensation threshold from the current $107,432 per year to $132,964 per year as of July 1, 2024, then further to $151,164 per year as of January 1, 2025.

Additional Information:  

U.S. DOL Overtime Landing Page

U.S. DOL Overtime FAQs

Text of Final Rule

Littler Analysis of Final Rule


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Jim Paretti, Jr.


Littler Mendelson, P.C.

James A. Paretti, Jr. is an experienced management-side employment and labor relations attorney with in-depth political
and policy knowledge of labor, pension, healthcare and employment law, regulations and legislation. Jim is well versed
in all aspects of legislative and political processes with demonstrated knowledge in the substance of federal labor and
employment policy. He has over two decades of experience working with federal legislators and policymakers, including
former Speaker of the U.S. House of Representatives, Chairmen of the U.S. House Committee on Education and the
Workforce, and senior level administration officials.

Prior to joining Littler, Jim was chief of staff and senior counsel to the acting chair of the Equal Employment Opportunity
Commission. He provided legal and political counsel with respect to all aspects of agency business, administered and
managed the Office of the Chair where he was responsible for over 2,200 employees and a 375 million dollar annual
budget, and served as primary liaison to regulated stakeholders and Capitol Hill.

His extensive experience includes developing policy and providing legal counsel on the Committee on Education and
Labor in the U.S. House of Representatives as well as coordinating external communications and media relations for a
senior member of Congress. Jim represented corporate and nonprofit clients in employment litigation in federal and
state court, before administrative agencies and in private arbitration while with two Boston firms.

During law school, he held positions as editor as well as note and comment editor for the New York University Law


FMI Workforce: New Federal Overtime Thresholds
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