National Restaurant Association supports legislative update to DOL overtime rule

(Washington, D.C.) Today, the National Restaurant Association issued the following statement of support for legislation put forward by Congressman Schrader (D-OR) that would allow a for a 3 year phase-in period and elimination to indexing in the Department of Labor’s newly implemented overtime rule:

“We thank Congressman Schrader (D-OR) for his proposal providing relief to the small business owners that operate our nation’s restaurants and their employees. Restaurants operate on thin margins with low profits per employee and little room to absorb added costs. The Department of Labor’s overtime overhaul will force many Main Street businesses to change many entry-level managers to nonexempt status. For the employees, this could mean a loss of above-average fringe benefits, less job security and fewer opportunities for career advancement. Allowing for a more gradual phase-in time and eliminating automatic indexing provides employers and employees a respite in navigating yet another regulation.”