Experts say Obama's new overtime rule will benefit 12.5 million US workers

Mark Wilson/Getty If you're a salaried employee making less than $47,476 a year, experts say you have good reason to rejoice. Currently workers covered by the Fair Labor Standards Act (FLSA) of 1938 must be paid at least time-and-a-half for each hour they work beyond 40 hours a week. But the salary threshold under which workers are automatically eligible to receive overtime pay is a mere $23,660 a year (or $455 a week). Workers who make more than the threshold can be excluded from overtime prote...