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Older Workers Benefit Protection Act of 1990. An Act. To amend the Age Discrimination in Employment Act of 1967 to clarify the protections given to older individuals in regard to employee benefit plans, and for other purposes.
The OWBPA is a federal law that requires employers to offer older workers (those who are at least 40 years old) benefits that are equal to or, in some cases, cost the employer as much as, the benefits it offers to younger workers.
For an employee who is 40 years old or older, the detailed, employee-friendly provisions contained in the Older Workers Benefit Protection Act ("OWBPA") apply.
Older Workers Benefit Protection Act - Title I: Older Workers Benefit Protection - Amends the Age Discrimination in Employment Act of 1967 (ADEA) to specify that it prohibits discrimination against older workers in all employee benefits except when age-based reductions in employee benefit plans are justified by significant cost considerations.
The OWBPA is a discrimination law designed to prevent older workers from being unfairly targeted. It requires employers to follow specific guidelines when laying off workers or offering voluntary staff reduction programs. It also requires waivers to meet certain requirements.
The purpose of the Older Workers Benefit Protection Act (OWBPA) is to make it illegal for an employer to: use an employee's age as the basis for discrimination in benefits. target older workers for their staff-cutting programs, and. require older workers to waive their rights without observing certain safeguards.
Older Workers Benefit Protection Act (OWBPA) A federal law amending the Age Discrimination in Employment Act (ADEA) and prohibiting age discrimination in the employee benefits of older workers. The OWBPA requires employment agreements releasing ADEA claims to be knowing and voluntary, which requires, at a minimum, that the release:
prohibit discrimination against older workers in all employee bene fits except when age-based reductions in employee benefit plans are justified by significant cost considerations.
The Older Workers Benefit Protection Act was specifically created to protect workers aged 40 and above from being denied the same benefits as younger workers. The purpose of an OWBPA notice is to reduce occurrences of age discrimination wherein older employees are targeted for layoffs and termination.
To amend the Age Discrimination in Employment Act of 1967 to clarify the. protections given to older individuals in regard to employee benefit plans, and for other purposes. August 3, 1990. Reported with an amendment, committed to the Committee of the Whole House. on the State of the Union, and ordered to be printed.