SPRINGFIELD – Thanks to a new law sponsored by State Senator Karina Villa, workers will have secure access to pay stub information, helping them have better financial security.
“Pay stub information is not only useful for keeping track of finances, but is necessary for applying for housing, loans and lines of credit,” said Villa (D-West Chicago). “Making this information readily available to our workers will ensure they have the necessary tools to achieve their financial goals.”
The law requires employers to retain copies of employee pay stubs for at least three years and provide pay stubs to current and former employees upon request. Under the new law, pay stubs are required to reflect important information including hours worked by the employee, rate of pay, overtime pay and hours, gross wages earned, deductions made from the employee’s wages and deductions year-to-date.
“Having clear documentation of wages will make employees feel more financially secure,” said Villa. “I am proud to have led this initiative to provide more financial opportunities for people across the state.”
Senate Bill 3208 was signed on Friday and is effective Jan. 1, 2025.
###
