The Age Discrimination Act, or more aptly, the Age Discrimination in Employment Act (ADEA) was written into law in 1967. It serves to ensure that the rights of employees 40 years or older are protected with regard to their employment. It makes sense for a business to want to hire younger employees for a number of reasons. Lower insurance premiums, lower salaries, and no pension payout (at least not for quite some years) are all important considerations by business owners. This does not, however, give an employer the right to deny the older generation their right to be treated in the same respect as all other employees. The Age Discrimination Act states employers shall refrain from discriminating against an employee based on their age. This means equal consideration, and or entitlement, with regard to benefits, pensions, layoffs, training, promotions, hiring and firing, and compensation.