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March 18, 2014 AT 12:58 PM
U.S. Labor Secretary Tom Perez offered details this week about the Obama administration's push to revise overtime pay regulations, confirming the Labor Department may close a "loophole" in the test used to determine which workers are managers. Perez said the Labor Department's current test is a "loophole" in U.S. wage-and-hour law that lets employers treat many workers as overtime-ineligible managers even if a lot of their work is the same as non-managers, who do get overtime.