Regal Power Transmission Solutions (Monticello) Workers Eligible for Trade Adjustment Assistance
INDIANAPOLIS (October 18, 2016) – The U.S. Department of Labor (DOL) recently certified that workers who have been or may become totally or partially separated from Regal Power Transmission Solutions, a subsidiary of Regal Beloit, Monticello, are eligible to receive services under the federal Trade Adjustment Assistance (TAA) program. The federal ruling applies to workers employed at Regal Power Transmission Solutions between September 26, 2015 and October 7, 2018.
The
TAA program is made available to workers who are displaced due to foreign
imports or shifts in production out of the country. It provides benefits
to help unemployed workers prepare for and obtain suitable employment. In
addition, weekly trade re-adjustment allowances may be payable to eligible
workers following the exhaustion of unemployment insurance benefits. Workers may
also be eligible for a variety of reemployment services, job search and
relocation allowances, health insurance premium assistance through the Health
Coverage Tax Credit (HCTC), and training. Workers age 50 or older may be
eligible for Reemployment Trade Adjustment Assistance (RTAA), a wage subsidy of
50 percent of the difference between their new salary and old salary, up to
$10,000.
Regal
Power Transmission Solutions employees are encouraged to contact their local
WorkOne Career Center to get connected with reemployment services available
through TAA. Additionally, they can take advantage of WorkOne services that are
available to all Hoosier jobseekers, including skills assessments, training
programs, résumé and interview preparation, job matching, and much more. A
listing of the nearly 90 WorkOne Career Centers located in communities
throughout Indiana is available at WorkOneWorks.com.
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For additional information, contact:
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