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Text of EEOC Press Release on $250 Million Settlement with CalPERS Disability Program
U.S. Equal Employment Opportunity Commission [EEOC] 
Jan. 31, 2003 Excerpt: The lawsuit, filed under the Age Discrimination In Employment Act of 1967 (ADEA), alleged that the officers suffered discrimination because their industrial disability retirement (IDR) benefits were reduced in proportion to their age at hire.... [The settlement] provides approximately $50 million to the state and local public safety officers for reduced IDR benefits in the past [and] $200 million (present value) to be paid out over the remainder of the officers' lifetimes. MORE >> |
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