News Notes: Latest Developments In Stock Option Controversy

In the February issue of CEA, we reported on a controversial U.S. Department of Labor advisory opinion that said you might have to include stock option profits in an hourly worker’s base pay and retroactively recalculate overtime figured on the new pay rate. The ruling has come under fire not just from employers, but also from several members of Congress who want the DOL to withdraw the letter and have started hearings investigating the entire advisory opinion process. Due to the uproar, the agency has now agreed to take another look at the stock option issue. We’ll keep you posted.