Final answer:
The Equal Pay Act requires equal pay for both sexes for equal work in terms of responsibility and conditions, and allows for differential pay based on seniority, merit, or production systems. The Act aims to address wage discrimination, not pension fund management.
Step-by-step explanation:
The correct statement about the Equal Pay Act is C: It requires that both sexes have equal pay for jobs that require equal responsibility and that are performed under similar working conditions. The Equal Pay Act of 1963 mandated that employers cannot discriminate in wages based on gender when both men and women perform work that requires substantially equal skill, effort, and responsibility under similar working conditions. Despite the enactment of this public policy, the wage gap persists, with women earning less than men for performing similar jobs.
Statement D is also accurate in that the Act does allow for differential pay under certain systems such as seniority, merit, or systems that measure earnings by quantity or quality of production.
Statement A is not accurate as the Equal Pay Act was not an amendment to the EEOA but a separate piece of legislation. Statement B is unrelated to the Equal Pay Act, as the Act does not address the management of pension funds but rather focuses on wage discrimination.