-- Connecting the dots between our economy, government and business --
Just ahead of a new year’s deadline before a statewide law takes effect, the Cook County Board on Thursday unanimously approved a new paid leave mandate that applies to all suburban municipalities. The changes replicate and slightly expand on the Jan. 1 state law, which will require most employers to provide up to 40 hours of paid leave per year, and it allows workers to take their bosses to court for violations, a process known as the private right of action.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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One firm just eliminated all paid vacations, as they were not mandates. then suggested that employees use the 40 hours to replace vacations.
Great news for cc trial lawyers in 2nd wourse judicial “hell hole” county in us!!