Tag: Illinois Implements Act Requiring Certain Small Businesses to Provide Retirement Plans to Employees
Illinois Implements Act Requiring Certain Small Businesses to Provide Retirement Plans to Employees
The Illinois Secure Choice Savings Program Act (“Act”) (S.B. 2758, Pub. Act 098-1150), which requires certain small businesses to implement retirement plans for employees, took effect on June 1, 2015. Here are just a few highlights of what Illinois employers need to know about the Act and how it will impact their businesses and employees