"This administration remains unwavering in its commitment both to growing the nation's economy and to creating good jobs for these and other displaced workers," Secretary of Labor Hilda L. Solis said.
"Auto workers impacted by foreign competition deserve our support, and TAA is one tool that we can bring to bear when plant closings and layoffs threaten communities. The program will ensure that eligible workers can access greatly needed support and services during this trying economic time."
As a result of the decision, workers covered by TAA will by given instructions on how to apply for individual benefits and services. According to the Labor Department, those interested will receive case management and re-employment services, training in new occupational skills and trade readjustment allowances, with some even job search and relocation allowances, as well as the Health Coverage Tax Credit (HCTC).
If the workers in question are 50-years of age or above, they can go for the Re-employment Trade Adjustment Assistance (RTAA). In this case, if the new employment wages less than $55,000 and less than those earned in adversely affected employment, the RTAA program will pay 50 percent of the difference between the old wage and the new wage, up to $12,000 over a two-year period.
"TAA will provide workers and their families much needed income support, access to health care, job training and other assistance as they transition to new jobs in other sectors of the economy," the Secretary concluded.
Additional details on the TAA can be found by following this link.
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