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Behind only Connecticut, Fitch pegs Illinois’ unfunded pension liability and other post employment benefits at $206.5 billion, taking up 22.8% of the state’s personal income.
(The Center Square) – About a dozen new Illinois laws set to take effect Jan. 1 impact employers. House Bill 5561 prohibits employers from taking retaliatory action against an employee who ...
The ratings agency’s recent report has the long-term liabilities for Illinois making up 22.8% of the state’s personal income, the second worst in the country behind Connecticut.
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
Vicarious liability is a separate theory of liability, which provides that an employer is liable for the torts of an employee under an agency theory, even if the employer did nothing wrong. The principle is that the acts of an agent of the company are assumed, by law, to be the acts of the company itself, provided the tortfeasor was acting ...
Laws applied Title VII of the Civil Rights Act of 1964 Burlington Industries, Inc. v. Ellerth , 524 U.S. 742 (1998), is a landmark employment law case of the United States Supreme Court holding that employers are liable if supervisors create a hostile work environment for employees. [ 1 ]
Illinois’ Democratic leaders promised a vigorous defense — and potential court action — against any moves by President-elect Donald Trump to try to erode personal liberties or withhold ...
Disparate impact in the law of the United States refers to practices in employment, housing, and other areas that adversely affect one group of people of a protected characteristic more than another, even though rules applied by employers or landlords are formally neutral.