The document discusses managing password policy in OpenLDAP. It describes the OpenLDAP ppolicy overlay which implements password policy controls as defined in the LDAP password policy draft. The ppolicy overlay catches BIND, MOD, and PASSMOD operations and uses the version 9 draft to enforce policies like password expiration, history, quality checks and account locking. It can be configured through LDAP entries and works by adding password check modules. Lastly, it mentions using additional overlays for tracking last authentication time and supporting multiple policies per user.