Governor Wolf: Approval of New Overtime Rules a Victory for Hardworking Pennsylvanians January 31, 2020 Jobs That Pay, Press Release Building on his commitment to workers, Governor Tom Wolf announced the state’s Independent Regulatory Review Commission (IRRC) voted today to approve the Department of Labor & Industry’s final regulation that will extend overtime pay eligibility to 82,000 more workers.“This is an important victory for thousands of workers,” said Governor Wolf. “People who work overtime should be paid for it. This is absolutely the right thing to do.“Today’s approval of my plan will modernize our outdated overtime rules so more people are eligible for time-and-a-half pay. This will put more money in the pockets of workers and strengthen the middle class.”The new regulations require overtime pay to most full-time salaried workers in executive, administrative, and professional jobs if they make less than $45,500 by 2022.This increase will be phased in over three steps:$684 per week, $35,568 annually (federal rule that went into effect January 1, 2020);$780 per week, $40,560 annually in 2021; and$875 per week, $45,500 annually in 2022.Starting in 2023, the salary threshold will adjust automatically every three years.The Attorney General must approve the final regulation before it can be published in the Pennsylvania Bulletin and go into effect later this year.In addition to the 82,000 workers who will benefit from Pennsylvania’s new overtime regulations, the federal government raised the salary threshold to $35,568 on January 1, 2020, which made 61,000 Pennsylvanians newly eligible for overtime. With the combined rule changes, an estimated 143,000 more workers will be eligible for time-and-a-half pay by 2023.Earlier this week, Governor Wolf reinforced his commitment to helping hardworking Pennsylvanians by reintroducing his proposal to increase Pennsylvania’s minimum wage to $12 an hour with a pathway to $15.“Despite widespread support from the public, it’s been more than a decade since the General Assembly passed a minimum wage increase,” added Governor Wolf. “There are far too many Pennsylvanians working full-time and multiple jobs who are still unable to support themselves and their families.”The governor’s proposal would give a direct wage increase to 1 million workers, provide better financial stability for women, rural and tipped workers, enable thousands of people to work their way off public assistance, and grow the economy for everyone.Pennsylvania’s minimum wage has been stuck at $7.25 an hour since 2009, the minimum wage allowed by federal law. A full-time, year-round minimum wage worker earns only $15,080 annually, less than the federal poverty threshold for a family of two. Twenty-nine states have a higher minimum wage and 21 states are increasing the wage floor this year.The governor’s proposal raises the minimum wage to $12 an hour on July 1, 2020 with annual 50 cent increases until reaching $15 an hour in 2026. When workers are paid fairly, fewer people will need public assistance. At $15 an hour, nearly 93,000 adults will leave Medicaid and the workers will generate more than $300 million in state tax revenue in 2026. SHARE Email Facebook Twitter
PensionsEurope, AP2, FVPK, Towers Watson, TISAPensionsEurope – Jerry Moriarty, chief executive of the Irish Association of Pension Funds, has been elected vice-chair of the European industry group. Moriarty has been a member of the association’s board since 2012 and replaces Benne van Popta, who stepped at the end of last year.AP2 – Kristina Mårtensson has been appointed to the Swedish buffer fund’s board of directors. Mårtensson is currently head of social policy at Kommunal, the Swedish Municipal Workers’ Union.FVPK – Andreas Zakostelsky has been re-elected chairman of Austria’s pension fund association. Zakostelsky was until recently chief executive of Valida Vorsorge Management, but departed in February to focus his attention on his political career following his 2013 election to the Austrian parliament. Towers Watson – Gill Barr and Mervyn Walker have joined the trustee board of the consultancy’s defined contribution master trust. Barr has held a number of marketing positions at retailer John Lewis, MasterCard, Kingfisger and, most recently, at the Co-operative Group, while Walker is currently the independent trustee chair for Amec Foster Wheeler’s UK pension schemes and a non-executive director for the UK Revenue & Customs office. Walker spent most of his career in human resources, and in his capacity as head of British Airways HR department also chaired the airline’s pension fund boards.TISA – Adrian Boulding, the outgoing pensions strategy director at Legal and General, is to join the Tax Incentivised savings Association as policy strategy director. Boulding is leaving L&G after 18 years, and in his time working within the pensions industry has also reviewed the UK’s auto-enrolment policy for the Department for Work and Pensions.
Sportscrusaderonline.com has gathered that all 16 Ghana Premier League clubs will boycott the domestic competition due to lack of support and sponsorship from the Ghana Football Association.All Premier League club owners are expected to converge at a meeting on Wednesday 8th January 2014 to finalise and put their decision into writing which will be forwarded to the Ghana Football Association and communicated to the Professional League Board.The meeting will include the Chairman of the Ghana League Clubs Association, GHALCA.A member of GHALCA who disclosed this to sportscrusaderonline.com said “We have received information from the clubs that they are bent on boycotting the domestic competition if they do not get financial support from the FA as originally agreed upon. We are however hoping that the FA will make some package available to the clubs if not the decision will be disgraceful and none can blame the clubs for their action”.