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Article

Eversheds Sutherland (US) LLP | USA | 9 Nov 2011

IRS releases advance draft of proposed regulations on governmental plans

The Internal Revenue Service (IRS) has issued an advance notice of proposed rulemaking to release rules being considered for determining governmental plan status for qualified retirement plans under Internal Revenue Code (Code) section 414(d).

Article

Ogletree Deakins | USA | 17 Dec 2010

New credit history law goes into effect January 1

Effective January 1, 2011, Illinois employers who perform background checks or otherwise inquire about credit history as part of the recruitment process or in making other employment decisions must comply with the Illinois Employee Credit Privacy Act (IECPA), which generally prohibits inquiry into and consideration of an applicant or employee's credit history to make decisions concerning employment, including with respect to recruiting, discharge, compensation and other terms and conditions of employment.

Article

Neal Gerber & Eisenberg LLP | USA | 17 Aug 2010

Illinois joins other states in prohibiting employment discrimination based on credit history

Today's downtrodden economy has caused unemployment rates to skyrocket and, consequently, has resulted in a multitude of otherwise fiscally responsible individuals falling behind on their debts and obligations.

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