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OLDER WORKERS BENEFIT PROTECTION ACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Federal law prohibiting an employer from using an employee’s age as a basis for discrimination with regard to benefits or for layoffs on the basis of age. It also requires employers to allow employees at least 21 days to consider compensation packages for early retirement benefits in exchange for a waiver (or a promise) not to sue the employer.

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