austin3515 Posted August 25, 2004 Posted August 25, 2004 Participant is 60 and wants a participant loan for a primary residence to amortize over 30 years. I believe denying the loan on the basis that it will never be paid back is age discrimination, however, I cannot find anything in writing. Are there any limits regarding the latest maturity date allowable that are based on age? Can anyone point to something official looking? Thanks, Austin Powers, CPA, QPA, ERPA
Guest hyper Posted August 25, 2004 Posted August 25, 2004 Look at The Age Discrimination in Employment Act of 1967 and the Older Workers Benefit Protection Act of 1990. Generally, OWBPA amended ADEA to prohibit employers from denying benefits to older employees. An employee over 40 years old in generally an older employee. Do a google search for ADEA and OWBPA and you will find numerous articles on the issue.
austin3515 Posted August 25, 2004 Author Posted August 25, 2004 I tried both and I still come up with nothing?? Any suggestions on a recommended search? Austin Powers, CPA, QPA, ERPA
austin3515 Posted August 25, 2004 Author Posted August 25, 2004 http://benefitslink.com/boards/index.php?s...t=0entry59164 I just found this post, which is quite informative... Austin Powers, CPA, QPA, ERPA
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now