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Trade Adjustment Assistance and Trade Readjustment Allowances
Last update: Apr 20, 2019. Discussed on the HPAA's Finance Forum
If you recently lost your job, you may qualify for Trade Adjustment Assistance or Trade Readjustment Allowances. These are government programs for specific groups of employees whose jobs were affected by foreign trade.
1. Depends on the specifics of what happened to the positions of a particular group of employees.
2. You have to work on this yourself. No company is going to publicize that they are moving jobs overseas.
TAA (Trade Adjustment Assistance)
- Definition: "The TAA Program seeks to provide workers, who are adversely affected by foreign trade, with opportunities to obtain the skills, credentials, resources, and support necessary for future in-demand jobs."
- Federal website You can read the actual petitions online. Search for "Hewlett Packard" for HPE or "HP" for HP Inc. https://www.doleta.gov/tradeact/
- Petition process: https://www.doleta.gov/tradeact/petitioners/petitionprocess.cfm
TRA (Trade Readjustment Allowances)
- Definition: "Income support payments to individuals who have exhausted Unemployment Compensation and whose jobs were affected by foreign imports as determined by a certification of group coverage issued by the Department of Labor."
- Federal website https://oui.doleta.gov/unemploy/tra.asp
Comments from members: (Personally-identifiable details removed.)
"You won’t find any info within HP or HPE. You need to inquire at your local unemployment office or your state Labor Department. These are Federal Benefits administered at the state level. I had to do the leg work myself."
"Not everyone is eligible
but if you can identify your local TRA administrator they can help you
determine if you are eligible and if there is an existing petition for
benefits in place that you can leverage or if you need to initiate a new
petition and submit it for review / approval."
"The unemployment office
(Texas Workforce Commission in Austin) ...is doing some further research
but believe it is past the deadline for me... (19 months.) I've also
spoken with [an IT training company] which is very familiar with the TAA
process and they are trying to help me navigate this process as well."
"I learned about it at my
state career center in Massachusetts. You do need to apply for this
program in a certain time frame. You need to register for an approved
training program within I think 20 weeks of your separation date. A
couple of other benefits (at least in Massachusetts) included extending
my unemployment by 5 months and the health care I had to pay was now a
federal tax credit. I was fortunate to be accepted into the
program, got some additional training, used the extra unemployment and
the tax credit. It took me a while but I was able to land a new position
eventually. Definitely not something that HPE tells people about. So use
the career center resources as much as you can."
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