Overtime Pay Flashcards
Coverage
same as those covered in Premium Pay
Overtime Pay
-additional compensation for work performed beyond 8 hours a day
-overtime on ordinary working days
•hourly rate x 125% x number of hours OT work
-overtime on scheduled rest day or special day
•hourly rate x 130% x 130% x number of hours OT work
-overtime on special day falling on rest day
•hourly rate x 150% x 130% x number of hours OT work
-overtime on regular holiday
•hourly rate x 200% x 130% x number of hours OT work
-overtime on regular holiday falling on rest day
•hourly rate x 260% x 130% x number of hours OT work
Overtime Pay Rates
premium pay for work on rest days, special days, or regular holidays is included as part
of regular rate in the computation of OT
Stipulated Overtime Rates