True or False: My private-sector employer can offer me "comp time" in lieu of overtime?

False. It may seem silly but with a very limited exception: if you are entitled to overtime -- you are entitled to overtime. A private-sector employer generally cannot substitute "comp time" (or "compensatory time") in lieu of actual wages.

Note:

• A private sector employer may offer comp time to its exempt employees, such as its executive, administrative, and professional employees.
• Public-sector employees are governed by different rules, which do allow for comp time.