The Illinois Equal Pay Act of 2003, 820 ILCS 112 et seq., has recently been amended to add a new Section 27. Under the new amendment, any officer or agent of an employer who "willfully and knowingly" permits that employer to evade a final judgment or award of damages, will be considered an employer under the [...]
The IRS announced today the cost of living adjustments affecting the pension plan contribution limitations for tax year 2012. Many of the pension plan limitations for 2012 will increase due to the cost-of-living index adjustment. Some of the important changes are summarized below: The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most [...]
Most employers must maintain an adequate workers’ compensation insurance coverage that would ensure that the injured employees receive the necessary medical treatment and compensation while they are unable to work.
