US President Barack Obama signs a presidential memorandum for overtime protections for workers during an event in the East Room at the White House on March 13 2014 in Washington DC The memorandum will direct the Department of Labor construct a new set of overtime rules to make ore emplyees eligible to overtime pay Photo by Mark WilsonGetty Images Getty Images News / Mark Wilson / Staff

U.S. President Barack Obama signs a presidential memorandum for overtime protections for workers during an event in the East Room at the White House, on March 13, 2014 in Washington, DC. The memorandum will direct the Department of Labor construct a new set of overtime rules to make ore emplyees eligible to overtime pay. (Photo by Mark Wilson/Getty Images)

Dept. of Labor finalizes rules updating overtime regulations

In a recent release from the Department of Labor, final rules for overtime will extend protections to over four million workers.

Through the use of a presidential memorandum first put forth in 2014, new rules defining and delimiting the exemptions for executive, administrative, professional, outside sales and computer employees will finally be set.

From the release:

This long-awaited update will result in a meaningful boost to many workers’ wallets, and will go a long way toward realizing President Obama’s commitment to ensuring every worker is compensated fairly for their hard work.

Read the full release on the DOL web site.

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