FLSA Wage and Hour 

Congress Approves Puerto Rico’s Reprieve From Salary Basis Increase

J.R. Randall ,

Congress Approves Puerto Rico’s Reprieve From Salary Basis Increase

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As discussed in detail here, the Senate has approved the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”).  Among other provisions, PROMESA stays applicability of the new salary basis rule to Puerto Rico until the Comptroller General of the United States further analyzes the economic impact of such application, and the Secretary of Labor (taking the Comptroller’s analysis into account) makes a written determination that the application “would not have a negative impact on the economy of Puerto Rico.”  The Comptroller has two years to submit a written report to Congress.

FLSA

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June 30, 2016 at 10:07AM

J.R. Randall

J.R. Randall is an economist who resides in the Bay Area. He focuses his interest on range of economic topics. He has interest in deep sea fishing and art.