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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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November 14, 2008
Maximum PBGC Insurance Benefits Rise
The maximum insurance benefit for participants in underfunded pension plans terminating in 2009 is $54,000 per year for those who retire at age 65, the Pension Benefit Guaranty Corporation (PBGC) recently announced.

The 2009 figure, which is up from $51,750 for 2008, will be higher for those who retire later and lower for those who retire earlier or elect survivor benefits.

If a pension plan terminates in 2009 but a participant does not begin collecting benefits until a future year, the PBGC says the 2009 maximum insurance limits will still apply.

Visit to see a chart showing the 2009 annual and monthly maximum benefit guarantees for retirees from ages 75 to 45.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
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Top 100 FLSA Overtime Q&As
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