On July 15, 2020, the Colorado Department of Labor updated the Colorado Overtime and Minimum Pay Standards Order (COMPS ORDER) #36. Included in this COMPS ORDER are the requirements for overtime coverage and exemptions for employees. Under the COMPS ORDER, weekly overtime-exempt salary rates greatly increase to the following:
| Date | Weekly Overtime-Exempt Salary |
| July 1, 2020 | $684.00 per week or $35,568 per year |
| January 1, 2021 | $778.85 per week or $40,500 per year |
| January 1, 2022 | $865.38 per week or $45,000 per year |
| January 1, 2023 | $961.54 per week or $50,000 per year |
| January 1, 2024 | $1,057.69 per week or $55,000 per year |
The COMPS ORDER includes additional requirements for hourly workers for many different subjects including, but not limited to, breaks and overtime.
If you have any employees, it is a good time to review their wage, potential exemptions, and other requirements to ensure they comply with the new rules.
You can visit the Colorado.gov site for more information on COMPS ORDER here.
by Catherine Reynolds
