Can I Work Overtime When on Light Duty With Workers’ Comp in Illinois?
If you suffer an injury while working, you may apply for workers’ compensation. While collecting workers’ compensation, you may continue to work on light duty or an altered schedule. Depending on the circumstances, if you are working a light-duty job, you may be able to work overtime while on workers’ compensation in Illinois.
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Workers’ compensation provides medical care and financial assistance to covered employees who sustain injuries at work. Specific policies differ by state, but the amount of coverage you receive typically depends on the type of injury and whether you are able to return to work. In Illinois, you will receive 66 percent of your weekly wage if you can’t work at all.
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Rental Escrow Laws in Massachusetts
Escrow accounts can be used to handle disputes between landlords and tenants and to secure a deposit against damage and other liability. Massachusetts law does not require a tenant to establish an escrow account for any reason. The landlord is not responsible for placing funds paid for the purpose of the last month’s rent in an escrow account but is required to do so for any security deposit that was required to establish residency.
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A security deposit may be required by a landlord, as part of the lease agreement, to protect the property owner against any damage to the property by the resident. The amount of the security deposit cannot exceed the value of one month’s rent under the lease agreement.
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Financial Aid Changes After Job Loss
Q: If a parent has lost their job, but their child has already been awarded a financial aid package from the college, is there anyway to see if the college would award more money based on the parent’s new financial circumstances?
A: There is always the possibility that a school would be willing to change or negotiate a financial aid award package. In fact, schools can have some amount of financial aid money that becomes “re-available” because of students making the decision to attend different schools (i.e. “School A” offers a student a financial aid award package, but that student ultimately decides to attend a different school. That “unused” financial aid award money can become available to other students attending “School A”).
The best way to find out if more financial aid is available is to simply contact the schools financial aid office and ask. Since a job loss
Can I Draw on My 401k Due to a Hardship Without a Penalty?
Company-sponsored 401k plans make a great way to save money you know you won’t need until you retire. Getting money out before age 59 1/2 can be difficult because the Internal Revenue Service only permits withdrawals in the case of an immediate and heavy financial hardship, if you lose your job or if you become permanently disabled. Even if you qualify for a hardship distribution, you may still have to pay an early withdrawal penalty.
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The IRS permits employers to allow you to remove money from your 401k plan before you turn 59 1/2 in the event of a severe financial burden, such as medical bills, college education or funerals.
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