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On further research: It's the Department of Labor's definition of "highly compensated employee" (https://www.dol.gov/agencies/whd/overtime/rulemaking/faqs https
by madcaptenor 3y ago
On further research: It's the Department of Labor's definition of "highly compensated employee" (https://www.dol.gov/agencies/whd/overtime/rulemaking/faqs https://www.dol.gov/agencies/whd/overtime/rulemaking/faqs), which is the "annualized weekly earnings of the 85th percentile of full-time salaried workers nationally". Not sure why they pick the 85th percentile specifically but it feels like a less arbitrary number.