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for: ‘June, 2011’

Family and Medical Leave Act of 1993

Family and Medical Leave Act of 1993 By and large, the federal Family and Medical Leave Act of 1993 (hereinafter “FMLA”)(29 U.S.C. §2601, et seq.) applies to employers with fifty (50) or more employees for twenty (20) or more calendar workweeks in the current or preceding calendar year. To be eligible for FMLA leave, an […]

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Health Savings Accounts

Family and Medical Leave Act of 1993 Beginning 2012, the ceilings on Health Savings Accounts will increase to $6,250 for an individual with family coverage (currently $11,900) and to $3,100 for self-only coverage (currently $2,400). Individuals born before 1958 can make $1,000 more in contributions. Limits on out-of-pocket costs, such as deductibles and co-payments will […]

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3.8% Medicare Surtax

3.8% Medicare Surtax Starting in 2013, a special 3.8% Medicare surtax on unearned income of high-income singles with adjusted gross incomes over $200,000 and married couples filing jointly with adjusted gross income over $250,000. The surtax is levied on the lesser of the filer’s net investment income or the excess of the adjusted gross income […]

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Illinois Civil Union Act

Illinois Civil Union Act On June 1, 2011, the Illinois Religious Freedom Protection and Civil Union Act (750 ILCS 75/1 et seq.) (hereinafter “Act”) signed into law by Governor Pat Quinn on January 31, 2011 went into effect throughout Illinois granting two persons of either the same or opposite genders who are eighteen years or […]

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