(a) Authority.--A private employer may adopt and apply a veterans' preference employment policy.
(b) Policy.--A veterans' preference employment policy shall:
(1) be in writing;
(2) require the inclusion of a statement in any job posting that indicates that the employer has and applies a veterans' preference employment policy;
(3) be provided to the applicant at time of hiring and provided to all employees on an annual basis; and
(4) be applied uniformly to employment decisions regarding:
(i) the hiring of new applicants;
(ii) the promotion of current employees; and
(iii) the retention of employees during a reduction in the work force.