Today, those with a salary of $23,660 or less annually are eligible to receive overtime (time and a half their hourly rate) if they work over 40 hours weekly, according to rules set in 2004. However, new changes could soon be implemented.

The new rules would evidently increase that salary threshold making more eligible for overtime pay. In fact, if passed it would have an impact on approximately one million workers making those one million eligible for overtime for the first time.

U.S. Senate labor committee Chairman Lamar Alexander (R-Tenn.) released the following statement on the U.S. Department of Labor's new proposed overtime rule: