News & Analysis as of

Illinois Retirement Plan

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (1/23)

Cozen O'Connor on

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

Amundsen Davis LLC

Illinois Employment Law Update

Amundsen Davis LLC on

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

Jackson Lewis P.C.

Illinois Expands Its Secure Choice Mandatory Retirement Savings Program

Jackson Lewis P.C. on

Employers in Illinois with at least 5 employees must soon comply with the Illinois Secure Choice Savings Program Act (Secure Choice) or offer employees an employer-sponsored retirement plan...more

Amundsen Davis LLC

Illinois Lawmakers Consider Expanding Mandatory Retirement Savings Program To Small Employers

Amundsen Davis LLC on

The Illinois General Assembly is considering a bill (H.B. 117) that would make several amendments to the Illinois Secure Choice Savings Program Act, including extending the requirement to offer employees a retirement savings...more

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