Older Workers Benefit Protection Act
E642291
The Older Workers Benefit Protection Act is a U.S. federal law that strengthens protections for employees over 40 by regulating the waiver of age discrimination claims and ensuring that benefits for older workers are not reduced based on age.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Older Workers Benefit Protection Act canonical | 1 |
Statements (39)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
employment discrimination law ⓘ labor law ⓘ |
| aimsTo | protect older workers’ employee benefits ⓘ |
| allows |
employers to coordinate benefits with Medicare under certain conditions
ⓘ
employers to observe bona fide employee benefit plans under certain conditions ⓘ |
| appliesTo |
employees aged 40 and over
ⓘ
employment agencies ⓘ exit incentive programs ⓘ group termination programs ⓘ individual waivers of ADEA claims ⓘ labor organizations ⓘ private sector employers ⓘ state and local government employers ⓘ |
| clarifies | standards for valid waivers of ADEA rights ⓘ |
| countryOfJurisdiction | United States NERFINISHED ⓘ |
| enforcedBy | Equal Employment Opportunity Commission NERFINISHED ⓘ |
| legalArea |
age discrimination
ⓘ
employee benefits ⓘ |
| objective |
ensure parity of benefits for older workers
ⓘ
prevent coercive waivers of age discrimination claims ⓘ |
| partOf | Age Discrimination in Employment Act of 1967 NERFINISHED ⓘ |
| prohibits |
employers from conditioning benefits on invalid waivers
ⓘ
reduction of benefits for older workers based on age ⓘ |
| protects |
employee rights to challenge invalid waivers
ⓘ
older workers in early retirement programs ⓘ older workers in severance agreements ⓘ |
| regulates | waivers of age discrimination claims ⓘ |
| requires |
additional consideration in exchange for a waiver
ⓘ
advisement to consult an attorney before signing a waiver ⓘ consideration period for signing waivers ⓘ disclosure of eligibility factors in group termination programs ⓘ disclosure of job titles and ages in group termination programs ⓘ disclosure of time limits for severance offers in group termination programs ⓘ knowing and voluntary waivers of ADEA claims ⓘ plain language in waiver agreements ⓘ revocation period after signing waivers ⓘ specific reference to Age Discrimination in Employment Act in waivers ⓘ written waiver agreements ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.