Author Question: A person who holds a mortgage as a security for a debt is a mortgagee. Indicate whether the ... (Read 57 times)

pragya sharda · **on:** Jun 24, 2018

A person who holds a mortgage as a security for a debt is a mortgagee.
Indicate whether the statement is true or false

Question 2

What is bona fide seniority or benefit plan? What is its significance?

Harbringer · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

The ADEA allows an employer to observe the terms of a bona fide seniority system or employee benefit plan, such as a retirement or pension plan, as long as the plan or system is not subterfuge to evade the purpose of this Act. The ADEA provides, however, that no seniority system or benefit plan shall require or permit the involuntary retirement of any individual.