News Flash: Legislature Starting To Heat Up

This year looks to be another blockbuster in terms of new employment-related legislation. Next month, we’ll have a full report from Sacramento and Washington, including details on a federal proposal now supported by the beleaguered U.S. Department of Labor to overturn its recent opinion letter and exempt stock options from overtime pay calculations. We’ll also update you on the status of legislation that wouldincrease the federal minimum wage by $1 over three years. The House is scheduled to vote on the proposal this week and decide whether to attach a $120 billion tax reduction package to the legislation. However, the Clinton administration has indicated that it would veto the minimum-wage plan if is linked to the tax cut provisions.