Trade Adjustment Assistance for Workers
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[Excerpt] Trade Adjustment Assistance for Workers (TAA) provides federally funded benefits to dislocated workers who have lost their jobs due to foreign trade.1 The largest TAA benefits in terms of both budget and participation are reemployment services and income support for workers who have exhausted their unemployment insurance (UI). Other TAA benefits include a health coverage tax credit (HCTC) and Reemployment Trade Adjustment Assistance (RTAA), a wage supplement for workers age 50 and over who obtain reemployment at a lower wage. To be eligible for TAA benefits, separated workers must petition the Department of Labor (DOL) to establish that foreign trade contributed importantly to their job loss. This report provides background information on TAA. It begins with a discussion of eligibility requirements and the application process. Next, it describes the benefits that TAA-eligible workers may receive. The report then describes how the program is funded and administered, discussing the respective roles of the federal government and cooperating state agencies. The final section provides data on program usage and performance.
Trade Adjustment Assistance for Workers; TAA; job loss; income support; reemployment
A more recent version of this report can be found here: https://hdl.handle.net/1813/79010