Login
Password

Forgot your password?

ATTENTION: All Hostess Employees Affected By the Recent Bankruptcy of Hostess

By Edited Oct 30, 2015 0 0

ATTENTION: All Hostess Employees Affected By the Recent Bankruptcy of Hostess

 

“The US Department of Labor certified more than 18,000 former Hostess workers around the country as eligible to apply for Trade Adjustment Assistance.”  This is a heavy relief off of many former employees of Hostess as they were hit hard after their recent displacements.  Many only had a pension to walk away from that most either were not yet eligible to receive or due to lack of income will have had to start taking early with significant early retirement penalty.  This will now give them the option of bettering their career with education assistance and training. 

To ensure the full benefit of the TAA program, displaced employees will need to sign up for all of the benefits that are given to them even if they will not use all of them.  If they do not sign up for all of the benefits within the allotted time frame and they go back later for them they will not be available.  By enrolling for more than what is available, this will not obligate them to the benefits but merely makes them accessible.

“Workers covered by this TAA certification will be contacted by their respective state workforce agencies with instructions on how to apply for individual benefits and services. Those who qualify may receive case management and re-employment services, training in new occupational skills and/or trade readjustment allowances that provide income support for workers enrolled in training. Workers may also receive job search and relocation allowances, and the Health Coverage Tax Credit.

While TAA is open to eligible workers of all ages, workers 50 years of age and older may elect to receive Re-employment Trade Adjustment Assistance instead. If a worker obtains new employment at wages less than $50,000 and less than those earned in the trade-impacted employment, the RTAA program will pay 50 percent of the difference between the old wage and the new wage, up to $10,000 over a two-year period. RTAA participants may also be eligible for retraining and the HCTC.

For more information on TAA and the range of the Department of Labor’s employment and training services, visit http://www.doleta.gov.” 

 

Citations.

1 – U.S. Department of Labor Office of Public Affairs Washington, D. C. Release Number: 13-292-NAT [2/19/13]

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of Ohio, Florida & New York. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Grubb Financial Services LLC are not affiliated

Investment Advisor Representative, Cambridge
Investment Research Advisors, Inc., a Registered Investment Adviser.  Cambridge and GRUBB FINANCIAL SERVICES are not affiliated.

4656 Executive Dr., Suite 100, Columbus, Ohio 43220

 

 

 

Advertisement
Advertisement

Comments

Add a new comment - No HTML
You must be logged in and verified to post a comment. Please log in or sign up to comment.

Explore InfoBarrel

Auto Business & Money Entertainment Environment Health History Home & Garden InfoBarrel University Lifestyle Sports Technology Travel & Places
© Copyright 2008 - 2016 by Hinzie Media Inc. Terms of Service Privacy Policy XML Sitemap

Follow IB Business & Money