WAGE PAYMENT & COLL-COMP PLANS Senate SponsorsSen. Don Harmon-Dale A. Righter House Sponsors(Rep. Jay C. Hoffman) 1/9/2007SenateSession Sine Die 820 ILCS 115/5from Ch. 48, par. 39m-5Amends the Illinois Wage Payment and Collection Act. Provides that the Act does not prohibit an employer from maintaining compensation plans, incentive plans, or agreements providing that a portion of the compensation or incentives for employees whose total compensation exceeds $100,000 per year may be payable after separation of employment and may be subject to nonpayment under specified terms and conditions. Effective immediately.Senate Floor Amendment No. 1 Deletes everything after the enacting clause. Amends the Illinois Wage Payment and Collection Act. Provides that notwithstanding anything in the Act, an employer may maintain and enforce written incentive or deferred compensation plans which provide that the incentive or deferred compensation for employees whose total compensation exceeds $100,000 per year may be payable after separation of employment and may be subject to nonpayment under any specified terms and conditions. Provides that wages and final compensation, other than incentive or deferred compensation, that an employee has already earned during his or her employment shall not be restricted, forfeited, or otherwise adversely affected by any written incentive or deferred compensation plan and shall be payable in accordance with the Act. Provides that an employee who is a party to a written incentive plan or deferred compensation plan shall not be precluded from filing a wage claim application with the Department. Effective immediately. 2/25/2005SenateFiled with Secretary by Sen. Don Harmon 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 3/2/2005SenateAssigned to Labor 3/9/2005SenateAdded as Chief Co-Sponsor Sen. Dale A. Righter 3/10/2005SenateDo Pass Labor; 008-000-000 3/10/2005SenatePlaced on Calendar Order of 2nd Reading March 15, 2005 4/11/2005SenateSecond Reading 4/11/2005SenatePlaced on Calendar Order of 3rd Reading April 12, 2005 4/11/2005SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon 4/11/2005SenateSenate Floor Amendment No. 1 Referred to Rules 4/12/2005SenateSenate Floor Amendment No. 1 Rules Refers to Labor 4/12/2005SenateSenate Floor Amendment No. 1 Recommend Do Adopt Labor; 008-000-000 4/14/2005SenateRecalled to Second Reading 4/14/2005SenateSenate Floor Amendment No. 1 Adopted; Harmon 4/14/2005SenatePlaced on Calendar Order of 3rd Reading 4/14/2005SenateThird Reading - Passed; 059-000-000 4/14/2005HouseArrived in House 4/14/2005HousePlaced on Calendar Order of First Reading 4/14/2005HouseChief House Sponsor Rep. Jay C. Hoffman 4/14/2005HouseFirst Reading 4/14/2005HouseReferred to Rules Committee 4/20/2005HouseAssigned to Executive Committee 5/13/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007SenateSession Sine Die