minimum-wage1

March 2, 2016

Labor Dept. Wants Increased Funds For Wage and Hour Enforcement

The administration’s final budget request--for fiscal year 2017, which begins Oct. 1--seeks $12.8 billion to fund the DOL next year, less than the $13.2 billion it asked for last year. Congress wound up granting the department $12.2 billion.

The Obama administration wants more money for wage-and-hour enforcement next year, even as it asks for less funding overall for the Department of Labor.

The administration’s final budget request–for fiscal year 2017, which begins Oct. 1–seeks $12.8 billion to fund the DOL next year, less than the $13.2 billion it asked for last year. Congress wound up granting the department $12.2 billion.

The DOL’s FY2017 budget, however, proposes spending $277 million on Wage and Hour Division enforcement activities. That’s $50 million more than Congress granted in 2016.

Some of that will surely go to implementation and enforcement of a new final rule–due this year–for paying overtime to white-collar employees. Also highlighted in the WHD 2017 budget: plans to focus on misclassification of employees as independent contractors.

Other notable 2017 initiatives:

More than $2 billion for a Paid-Leave Partnership Initiative to assist up to five states to launch paid-leave programs. Some of that would fund development of paid family and medical leave programs at the state level.

More than $205 million for the Employee Benefits Security Administration to bolster employer-based retirement plans. EBSA also proposes an additional $100 million to finance pilots to test new ways of making retirement benefits more accessible and portable for workers.

A cost-neutral suite of reforms to modernize and improve the Unemployment Insurance program so more workers have access to benefits if they lose a job.

Online resource: Find a summary of the DOL’s 2017 budget request at dol.gov/general/budget.

———-

Copyright 2016 – Business Management Daily

Thanks for reading CPA Practice Advisor!

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more…

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...

Leave a Reply