Older Workers Benefit Protection Act
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The Older Workers Benefit Protection Act (OWBPA) amended the Age Discrimination In Employment Act (ADEA) in 1990 and is concerned with three areas: (1) bona fide benefit plans, (2) early retirement and (3) releases/waivers of ADEA claims.
The OWBPA provides that bona fide seniority systems are lawful under the Act as long as the system does not require or permit the involuntary retirement of covered individuals because of their age.1
The Act also makes clear that employee benefit plans are lawful as long as the actual amount of payment made or cost incurred on behalf of an older worker is Login to read more.
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