Sec. 1. 26 MRSA §663, sub-§3, ¶K, as repealed and replaced by PL 1999, c. 465, §7, is amended to read:

K. A salaried employee who works in a bona fide executive, administrative or professional capacity and whose regular compensation, when converted to an annual rate, exceeds 3000 times the State's minimum hourly wage or the annualized rate established by the United States Department of Labor under the federal Fair Labor Standards Act, whichever is higher.

SUMMARY

This bill provides that the minimum salary level for a bona fide executive, administrative or professional employee is 3,000 times the state minimum wage or the salary level set by the United States Department of Labor, whichever is higher. This change will align the state law with the current federal regulations in this regard.