On Jan. 29, 2009, President Obama signed the Lilly Ledbetter Fair Pay Act into law.

The bill's passage means that employees are no longer under time limits as to when they can file a lawsuit if they feel they have not been fairly paid for the job they perform. In other words, they could sue you tomorrow for what they believe was a discriminatory pay decision—even if it happened years in the past.

The BLR expert legal and editorial staffs have carefully reviewed the Act, and they have created a plain-English overview that tells you what you need to know—and do.

Don’t think that your company will not be affected. Steps you should take now include: