The Biden administration has finalized a new rule that will make millions more salaried workers eligible for overtime pay in the U.S. The move marks the largest expansion in federal overtime eligibility in decades. Starting July 1, employers will be required to pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative, and professional roles. The Labor Department estimates that 4 million lower-paid salaried workers who are exempt under current regulations will become eligible for overtime protections in the first year under the new rule.