University of Colorado calculating cost of Obama administration’s new overtime rules

The Obama administration’s new overtime rules could be costly for U.S. colleges and universities, who will now need to pay overtime to some post-doctoral researchers, athletic coaches, admissions counselors and other lower-level salaried employees. The University of Colorado, which employs roughly 30,000 people across the state, is still calculating how expensive the rule-change will be. The new regulations, issued by the U.S. Department of Labor last week, take effect Dec.