Starting January 1, 2024, a new Illinois law will require employers in the greater Chicago metropolitan area with 50 or more covered employees within one mile of a fixed-route public transit service to provide their full-time employees with pre-tax public transit benefits. This type of benefit program allows eligible employees to elect pre-tax reductions from their pay to purchase transit passes for use in commuting to and from work. Transit passes covered by the program include fare cards and passes for public transportation. Continue Reading New Law Requires Greater Chicago Metropolitan Area Employers to Provide Pre-Tax Transit Benefits
Thomas G. Hancuch is a Shareholder at Vedder Price, representing employers in all aspects of employee benefits, labor and employment law. Thomas G. Hancuch is a Shareholder at Vedder Price, representing employers in all aspects of employee benefits, labor and employment law. His practice focuses on employee benefit plan design and administration, including ERISA, Internal Revenue Code, and Affordable Care Act compliance; benefit claims and litigation; employee relations and benefits aspects of mergers, acquisitions, workforce reductions and outsourcing; severance and exit incentive programs and agreements; remote and hybrid work arrangements; leaves of absence and accommodation of employees with disabilities; employment discrimination, harassment and retaliation claims; employee leasing and worker classification; executive compensation; wage and hour laws; employee discipline and discharge; and other human resources matters.