Jan. 2016: $14.40
Jan. 2017: $15.00
Jan. 2018: $15.75
Note: Overtime pay is the cash compensation for the hours eligible employees work in excess of 40 hours in a workweek (a workweek = 7x24= 168 hours). The overtime pay rate is one and one-half (1.5) times the regular working hour rate of pay.
Note: Under Vermont law exceptions to overtime pay requirements include employment in retail, service, hotels recreation, hospitals or nursing homes. Employment that is not subject to Vermont overtime requirements may be subject to federal overtime, if the work is in interstate commerce (e.g. credit card transactions); or in a business with an annual gross volume of sales of $500,000 or more.
Note: Benefit hours are separate from overtime and should be shown as separate in your payroll records. For example, if you worked 36 hours in a workweek and had 8 hours off, paid for a holiday, you are NOT entitled to overtime.