Illinois Minimum Wage Act Changes Signed by Governor
The Illinois Governor signed P.A. 101-001 (the first new law of this legislative session) amending the Illinois Minimum Wage Act. Although there has been a lot of news about the proposal to increase the Illinois minimum wage to $15.00/hour, it's important to note that the increases will take place gradually over the next six years, with the $15.00 wage taking effect in 2025.
The law establishes the following minimum prevailing wages for covered employees:
Current through December 31, 2019: $8.25/hour
January 1, 2020 to June 30, 2020: $9.25/hour
July 1, 2020 to December 31, 2020: $10.00/hour
January 1, 2021 to December 31, 2021: $11.00/hour
January 1, 2022 to December 31, 2022: $12.00/hour
January 1, 2023 to December 31, 2023: $13.00/hour
January 1, 2024 to December 31, 2024: $14.00/hour
On and after January 1, 2025: $15.00/hour
0 comments:
Post a Comment