29 CFR § 779.4 - Pay standards for newly covered employment.
There are many employees of retailers as well as other employees who would not be subject to the minimum wage or overtime pay provisions of the Act as it was prior to the 1966 amendments, either because of their individual activities or because of the activities of the enterprise in which they are employed, but who are brought under the minimum wage or overtime provisions, or both, for the first time by the changed enterprise coverage provisions or changes in exemptions, or both, which were enacted as part of the amendments and made effective February 1, 1967. The following pay standards apply to this newly covered employment, unless a specific exemption has been retained or provided in the amendments; such employees must be paid not less than the minimum wages for hours worked and not less than one and one-half times their regular rates of pay for overtime, as shown in the following schedule:
|$1.00 an hour||February 1, 1967.|
|$1.15 an hour||February 1, 1968.|
|$1.30 an hour||February 1, 1969.|
|$1.45 an hour||February 1, 1970.|
|$1.60 an hour||February 1, 1971 and thereafter.|
|After 44 hours in a workweek||Feb. 1, 1967.|
|After 42 hours in a workweek||Feb. 1, 1968.|
|After 40 hours in a workweek and thereafter||Feb. 1, 1969.|
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