WAGES-TERMINATION PAYMENTS

Amends the Illinois Wage Payment and Collection Act. Provides that it is unlawful to include in any employment contract, or to require an employee to execute as a condition of employment or a work relationship, a contract that: (1) requires the employee to pay an employer, training provider, or debt collector for a debt if the employee's employment or work relationship with a specific employer is terminated; (2) authorizes the employer, training provider, or debt collector to resume or initiate collection of or to end forbearance on a debt if the employee's employment or work relationship with a specific employer is terminated; (3) imposes any penalty, fee, or cost on an employee if the employee's employment or work relationship with a specific employer is terminated. Provides that the provision applies to contracts entered into on or after the effective date of the amendatory Act. Provides that a contract entered into in violation of the provision is void and unenforceable. Sets forth exceptions. Effective immediately.