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- For the third time since 2020, minimum wage workers in Illinois are getting a raise. ... Under the new law, the minimum wage will increase to $11 per hour on January 1, 2021. That amount will continue to expand on an annual basis until it reaches $15 per hour on January 1, 2025. #minimunwage, #2021newlaw,
- Beginning January 1, 2021, every child born or adopted in Illinois will get $50 deposited in their college savings account or 529 plan. That deposit is part of a new law, which introduces the Illinois Higher Education Program. Financial experts say the cost to attend college keeps going up five to six percent every year, so state legislators hope this law will combat those rising college tuition prices. Lawmakers hope it will also remind parents to contribute to their child’s college fund starting at birth. #collegefundforillinoischildren,
