Tenured Faculty Justification Sample Clauses

Tenured Faculty Justification. Under recent ADEA amendments, an institution of higher education may make age-based reductions in ERI benefits offered to its tenured faculty without demonstrating that it meets one of the other justifications. This justification can be used only if the employer is an institution of higher education; the age-based reductions applies only to tenured faculty members; the employer does not reduce or eliminate any other benefits due to tenured faculty members unless the reduction is otherwise permitted by the ADEA; the employer does not repackage other benefits that have been offered to the employees eligible for the ERI within the preceding 365 days; and all tenured faculty have at least one chance to elect the benefit when they first become eligible for it (this is a grandfathering requirement to protect tenured faculty who are over the ages eligible for early retirement when the employer first institutes an ERI).
Sample 1
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