Proposed FLSA Regulations Blocked 
Current Legal Issues A US District Court in Texas has issued a nationwide injunction against the US Department of Labor blocking proposed Fair Labor Standards Act (FLSA) regulations scheduled to go into effect on December 1st, which would have significantly increased the salary-level component of the "white collar" overtime-exemption classification for covered employees. 
 
As such, until further notice, there is no obligation for any employer to adhere to the FLSA rules that had been proposed.  There is no estimate as to when, or if, the proposed regulations will be implemented. At this juncture, it appears unlikely that they will ever be permanently enacted, at least, not in their present form.
What This Means for New York Employers
Unrelated to the injunction placed on the proposed FLSA regulatory changes, NYS has higher and distinctive "white collar" overtime-exemption standards that still apply to all NYS employers.  These NYS standards are scheduled to increase the minimum salary-level for overtime exemption effective 12/31/16.  As the proposed FLSA regulations are on hold, we've created a NYS-specific version of our previously-available Overtime Compliance Guide, outlining only those regulatory changes scheduled to be implemented statewide.

Updated
Resource for New York Nonprofit
Employers
In a major unexpected development, a nationwide injunction has been issued blocking implementation of proposed overtime-exemption regulations under the federal Fair Labor Standards Act (FLSA).  NYS employers should continue to adhere to NYS's already higher (and going higher) overtime exemption standards under the New York Minimum Wage Act (WMA).  Effective 12/31/16, the NYS minimum salary-level component of the overtime "exempt" classification will significantly increase.