Older Workers Benefit Protection Act 1990

The Older Workers Benefit Protection Act was enacted on October 16, 1990, to clarify protections for older individuals in employee benefit plans under the Age Discrimination in Employment Act of 1967. The law prohibits age-based reductions in employee benefits unless justified by significant cost considerations and ensures that waivers of rights or claims are knowing and voluntary. It also provides rules and regulations for enforcing this title and does not apply to certain collective bargaining agreements or state-provided employee benefit plans until specific dates or conditions are met.