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You are here: Home Payroll UBM Info Record Retention Requirements Older Workers Benefit Protection Act (OWBPA) (Amendment to ADEA)

Older Workers Benefit Protection Act (OWBPA) (Amendment to ADEA)

by rlcoch01 last modified May 27, 2008 03:50 PM

Covered Employees:

Employers with 20 or more employees.

Requirements:

Payroll and other records for all full-time, part-time and temporary employees that include each employee's name, address, date of birth, occupation, rates of pay, and weekly compensation.

Retention Period:

Three (3) years.

Additional Recommendation (Not Required):

Settlement or sererance agreements that include signed waivers of employee ADEA rights to sue for age discrimination along with all related ducuments.

Retention Period:

At least 1 year from the date employment is terminated.

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