WebCovered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek. FLSA Minimum Wage: The federal minimum wage is $7.25 per hour effective July 24, 2009. WebHSBC Bank USA NA has agreed to pay $15.6 million to resolve a putative class action alleging the company withheld overtime wages from some of its bankers, managers and specialists, according to a ...
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