Reforming Tier 2 pensions could cost the state $30 billion, actuary says “A new Illinois pension reform bill would increase contributions to the state’s three largest retirement systems by a total of nearly $30 billion...more
Illinois recently passed a number of laws that will significantly impact Illinois employers and require employer policies and employee handbooks to be updated and revised. Effective August 2, 2024- On August 2, 2024,...more
Governor Pritzker recently signed into law an expansion to Illinois’s Secure Choice Retirement Savings Program (Program) that soon will require compliance with the Program by employers with five or more employees. Previously,...more