Older Workers Benefit Protection Act (OWBPA)

The Older Workers Benefit Protection Act (OWBPA) is a U.S. law enacted in 1990 that protects older employees from age discrimination regarding benefits and layoffs. It requires employers to ensure that any layoffs or early retirement offers clearly inform workers aged 40 and over about the rights and benefits they will receive. Additionally, the act mandates that older workers be given a reasonable amount of time to review such agreements before agreeing to them. Overall, the OWBPA aims to safeguard older employees’ rights and ensure they are treated fairly in the workplace.