News release
How Will Raising the Threshold for Overtime Pay Help Working Women?
August 7, 2015
Lisa Lederer, 202-371-1996
Institute for Women’s Policy Research and MomsRising to Release Joint Report on How Proposed Rule to Raise the Threshold for Overtime Pay Will Affect Women
Under federal guidelines, workers who earn more than $23,600 a year (which is below the poverty line for a family of four) are not automatically eligible for overtime pay. The U.S. Department of Labor has proposed a rule to raise the earning threshold for overtime pay to $50,440 annually by 2016. This increase would make it easier for nearly 5 million workers, more than half of them women, to receive overtime pay at time-and-a-half (150 percent of their regular wage for hours worked over 40 per week).
What impact will this increase have on working women, mothers, and single mothers? A new report, to be released by the Institute for Women’s Policy Research and MomsRising.org, examines how women, mothers, women of color, and women in different occupations will be affected if the rule goes into effect.
The report will be released and discussed at a telephone news conference:
10am Eastern Time, Tuesday, August 11
Dial-In Number: 1-800-351-4895
Passcode: 883913
Speakers will include:
- Heidi Hartmann, PhD, President and CEO, Institute for Women’s Policy Research
- Kristin Rowe-Finkbeiner, President, Co-Founder and CEO, MomsRising.org
- A worker who will speak to the importance of overtime pay
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The Institute for Women's Policy Research (IWPR) is a 501(c)(3) tax-exempt organization that conducts rigorous research and disseminates its findings to address the needs of women and their families, promote public dialogue, and strengthen communities and societies.