2019 New Illinois Regulations for Employers
2019 Additional Illinois Regulations for Employers
Employee Business Expense Reimbursement
Effective January 1, 2019, the Illinois General Assembly expanded the Illinois Wage Payment and Collection Act to require employers to reimburse employees for all “necessary expenditures . . .” incurred by the employee with the employee’s scope of employment and directly related to services performed by the employer. The expanded Act defines “necessary expenditures” to mean “all reasonable expenditures . . .” required of the employee in the discharge of employment duties that inure to the primary benefit of the employer. Employers’ written expense reimbursement policy applies as to requests for reimbursement. Employers should focus on a well-written expenses reimbursement policy in defining what reasonable expenses will reasonably be reimbursed.
Payroll Deduction Retirement Savings for Private Sector Employees (Secure Choice Retirement Savings Program)
The first wave of the Secure Choice Retirement Savings Program has officially launched. Legislation signed in 2014 requires employees with more than 25 employees to provide either a retirement plan or participate in the State’s Secure Choice Plan.
The Office of the Treasurer adopted administrative rules (74 Ill. Adm. Code 721) (effective September 25, 2018)) which implement the Secure Choice Savings Program Act.
Employers with 500 or more workers have already received notices from the Illinois Department of Employment Security to complete the registration and enrollment process. The schedule below outlines the staggered implementation phase.
Additional resources and information are available at www.ILSecureChoice.com
Understanding the basics of Illinois’ Treatment of Unclaimed Property
With the passage of Senate Bill 9 on July 7, 2017, Illinois has made substantial changes to the treatment of unclaimed property. These substantial and far reaching changes affect the reporting responsibilities of unclaimed property holders, including the types of property covered by the law.
The Revised Uniform Unclaimed Property Act has substantially changed Illinois’ treatment of unclaimed property and reporting requirements by businesses, non- profits, and government.
See Illinois State Treasurer’s Fact Sheet on Unclaimed Property.