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90_HB1474
New Act
Creates the Worker Benefit Security Act. Provides that a
major employer must provide written notice to its affected
employees at least 60 days before terminating or reducing any
retirement or health care benefit. Effective 6 months after
becoming law.
LRB9004453WHmg
LRB9004453WHmg
1 AN ACT to require certain employers to notify workers
2 before retirement or health care benefits are terminated or
3 reduced.
4 Be it enacted by the People of the State of Illinois,
5 represented in the General Assembly:
6 Section 1. Short title. This Act may be cited as the
7 Worker Benefit Security Act.
8 Section 5. Definition. For the purposes of this Act,
9 "major employer" means any business enterprise that either
10 (i) employs 100 or more persons in this State or (ii) has 500
11 or more former employees who were employed by the enterprise
12 in this State and who are or will become eligible to receive
13 retirement or health care benefits as a result of that
14 employment.
15 Section 10. Required notice. A major employer must
16 provide written notice to its affected active or former
17 employees at least 60 days before terminating or reducing any
18 retirement or health care benefit.
19 Section 99. Effective date. This Act takes effect 6
20 months after becoming law.