In order to allow an employee to make an informed decision, the ADEA requires that if an employer requests a waiver in association with a group termination program, the employer must disclose certain information to the employee in writing.
US Code:
29 USC 626(f)(1)
Name of Law: Age Discrimination in Em[ployment Act
The time burden estimate increased because employers laid off more employee in 2009 than they had in 2006. According to the Bureau of Labor statistics, there were 28,030 mass layoff events in 2009 compared to 13,998 in 2006. This increase in layoff events would require employers to more frequently issue the required information to separating employees.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
PRA-SUPPORTADEAwaivers.doc
Waivers of Rights and Claims Under the ADEA; Informational Requirements