UPDATE ON 11/28/16: The Federal Overtime Rules, which would have mandated a minimum annual salary of $47,476 for exempt employees and were set to take effect on December 1, 2016, have temporarily been halted by a Texas federal judge. The court issued a preliminary injunction, which preserves the current federal overtime rules (which mandates a minimum annual salary amount of $23,660 for exempt employees), while it determines the Department of Labor's authority to make such c