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Adjustment Assistance

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Adjustment Assistance
Any program whereby a government helps to retrain workers whose jobs or careers have been rendered obsolete. Adjustment assistance may be provided when a technology makes a job redundant. More commonly, however, adjustment assistance refers to programs a government designs when it pursues policies antithetical to a particular line of work. For example, a country may pursue free trade policies that result in outsourcing to other nations, requiring adjustment assistance for laid off workers. Adjustment assistance is controversial, especially because it is unlikely that older workers will be rehired even after training.


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COLUMN: MONEY BRIEFS Tyco may get assistance WASHINGTON - Employees of Tyco Safety Products in Westminster are among 4,000 workers from companies in 18 states who may seek federal trade adjustment assistance, the U.
1, 2008, and rejected COBRA coverage to reconsider and receive COBRA benefits; * extends COBRA continuation coverage periods for certain individuals receiving Trade Adjustment Assistance benefits or pension benefits from the Pension Benefit Guaranty Corp.
They conclude that trade adjustment assistance can be used as a way to help the impacted industries face new competitive challenges.
 
 
 
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