Teacher Voluntary Early Retirement Incentive Act of 2003 - Amends the Age Discrimination in Employment Act of 1967 to provide that, subject to specified conditions, such Act is not violated if: (1) voluntary early retirement incentive plans (VERIPs), for employees of local educational agencies (LEAs) or institutions of higher education, reduce or eliminate supplemental benefits on the basis of the employee's age at retirement under certain conditions; or (2) retiree medical benefits of an employee benefit plan (including an LEA VERIP) are coordinated with Medicare or State employee benefit plans.
Actions
May 19, 2003
Referred to the Subcommittee on Employer-Employee Relations.
Apr 30, 2003
Referred to the House Committee on Education and the Workforce.