Investments glossary

Lilly Ledbetter Fair Pay Act

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Quotes of the day:

Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

The Lilly Ledbetter Fair Pay Act of 2009 is a law enacted by Congress that bolstered worker protections against pay discrimination. The act allows individuals who face pay discrimination to seek rectification under federal antidiscrimination laws. The law clarifies that discrimination based on age, religion, national origin, race, sex, and disability will “accrue” every time the employee receives a paycheck that is deemed discriminatory. It was the first bill that President Barack Obama signed into law and is one of a number of federal laws designed to protect the rights of workers.

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