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Additional Federal Regulations Released

Department of Labor Overtime Rules 

On Tuesday, April 23, the U.S. Department of Labor (DOL) formally announced its final rule increasing the amount under which employees will be considered exempt from overtime pay from the current level of $35,568 to $43,888 on July 1, 2024, and to $58,656 on January 1, 2025.

On July 1, 2027, an additional increase will go into effect based on a currently undefined formula, with automatic three-year increases going forward. The final rule provides most institutions with a breather for the current fiscal year, and several months to better plan for the coming year. While litigation is likely, institutions should prepare for compliance. The timeline is an improvement from what the employment community expected, which was an increase to more than $60,000 and for it to be effective 60 days from the announcement.

Department of Education Title IX Regulations 

On April 19, the U.S. Department of Education (DOE) released the final version of the new Title IX regulations. The regulations become effective on August 1, 2024. The current regulations remain in place until August 1, 2024. The final version of the Title IX Regulations can be found here and a summary from our legal partner Husch Blackwell can be found here. 

Both new Federal regulations along with others with a July 1, 2024, effective date will be topics of discussion at our upcoming Compliance Summit taking place on May 30 and May 31. This year’s Compliance Summit is being held in collaboration with the Universities of Wisconsin. More information and to register for the Compliance Summit can be found here.

For more information email Rebecca Larson, WAICU executive vice president for external relations.