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Tim, yes employers have to verify work eligibility when the original document expires. But happens that not all of them do it. If they are audited by INS, they have to show that I-9 form updated.
You are right about that EAD is not the only one document to show eligibility, asylees have also the option of using RTD or I-94 stating "employment authorized".
Also, Driver\'s License and unrestricted SS should be enough but not all employers understand that(or don\'t want to), and even though the instruction for I-9 stipulates that employers have no right to ask for specific document in practice that not always happens.
I believe there is a recent legislation saying that persons that have worked without authorization are banned for Permanent Resident Status, and this is why INS asks for EAD to LPR\'s interviewers, maybe Gilbert or Jack can provide clues regarding this legislation. Again, if you do not have the EAD during the interview, you will have to explain that you have been showing work eligibility with RTD, I-94, DL and SSC, etc. and hope the IIO will understand your explanation.