Oct. 21 (Bloomberg) — The Equal Employment Opportunity Commission is investigating whether mandatory retirement provisions at Deloitte LLP violate federal employment law.
The American Institute of Certified Public Accountants, the trade association for the profession, entered the fray yesterday, essentially urging the EEOC to back off.
The dust-up could have ramifications for those law firms, including slightly less than half of the largest ones, that still have mandatory retirement ages for their partners.
Ronald Cooper, a partner at Steptoe & Johnson LLP who was a general counsel of the EEOC, said that while it's impossible to predict the outcome, "the EEOC will probably say that a giant operation that calls itself a partnership where individuals have little or nothing to say about the way the business is conducted isn't likely to be viewed as an old-style partnership of three or four members."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
