Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About

Trending Topics

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni

    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor & Employment
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations

    Industries

    View All

    • Cannabis
    • Consumer
    • Energy
    • Entertainment
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Non Profit
    • Real Estate
    • Technology

    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    1. Home
    2. Insights
    3. Alerts
    4. Minimum wage set to rise to $15 for Illinois employersAlerts

    Alert / Employment Law Alert

    Minimum wage set to rise to $15 for Illinois employers

    Feb 20, 2019

    Share

    By Brian Alcala

    Yesterday, Illinois joined a growing number of states, including California, New Jersey and Massachusetts, in passing legislation that will eventually push the state-wide minimum wage to $15.00 per hour.

    The first increase is slated to go into effect on January 1, 2020, raising the minimum wage to $9.25 per hour. The next increase goes into effect on July 1, 2020, raising the minimum wage to $10.00 per hour. On January 1, 2021, the minimum wage goes up to $11.00 per hour and on January 1, 2022, it will reach $12.00 per hour. On January 1, 2023, the minimum wage goes up to $13.00 per hour, and on January 1, 2024, it will reach $14.00 per hour. Finally, on January 1, 2025, it will reach $15.00 per hour.

    For employers in the service industry, the new law importantly preserves the “tip credit” allowance, permitting employers to count gratuities toward up to forty percent of the newly increased minimum wage obligations relating to their tipped employees. A lower minimum wage rate applies to employees under the age of 18 who work less than 650 hours per year, with that rate going up to $13.00 by January 1, 2025.

    The new minimum wage scheme will provide impacted employers with “credit” in exchange for their compliance. A tax credit, that is. Specifically, any employer with 50 or fewer full-time employees is eligible to receive a tax credit equivalent to 25 percent of the cost of their wage increases in fiscal year 2020, subject to certain limitations.

    As a reminder, if an employer is located within the boundaries of Cook County/Chicago, even more stringent minimum wage rates currently apply, with Cook County minimum wage peaking at $13.00 by July 20, 2019.

    Locations

    Chicago

    Practices

    Labor & EmploymentWage-Hour Compliance & LitigationWorkplace: Policies, Procedures & Training

    Insights And Happenings

    • Alert

      Chicago passes Employee Predictive Scheduling Law and it’s the most expansive law of its kind

      July 26, 2019
    • Alert

      Minimum wage set to rise to $15 for Illinois employers

      Feb 20, 2019

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • © 2023 Nixon Peabody. All rights reserved
    • Privacy Policy
    • Terms of Use
    • Statement of Client Rights
    • Supplier Diversity Program
    • Nixon Peabody International LLC
    • PAL