A wage supplement provided to eligible workers over the age of 50 that supplements a portion of the wage difference between their new wage and their old wage (up to a specified maximum amount) for full time employment.
The Health Coverage Tax Credit is a tax credit that pays 72.5 percent of qualified health insurance premiums for eligible individuals and their families. The HCTC program does not provide health insurance coverage. The Trade affected worker will need to have or obtain qualified health insurance coverage. All plans that were qualified for the HCTC in 2013 qualify for the HCTC through 2019. This includes Consolidated Omnibus Budget Reconciliation Act (COBRA) or spousal coverage if the employer, or former employer, did not pay 50 percent or more of the cost of coverage. Individual (private and non‐group) health insurance that you purchase for yourself or your family from an insurance company, agent, or broker is also included.
Defined in WIOA as an individual who has an established employment history with the employer for 6 months or more. Incumbent Worker training can be used to meet the needs of an employer or group of employers to help avert potential layoffs of employees or obtain the skills necessary to retain employment, such as increasing the skill levels of employees so they can be promoted within the company and create backfill opportunities for new or less‐skilled employees. Employers that receive these funds must match the cost of the training on the following sliding scale:
Provides skill upgrades to individuals hired as trainees with the expectation the trainee will be able to perform the tasks necessary for the position upon the completion of the training. OJT's are limited to six months of work time and are for new hires in full-time positions only. It is the employer's responsibility to provide training. The grant will pay for wage reimbursements to the employer based on payroll records on a sliding scale, from 50 percent to 75 percent of wages (not fringe benefits or overtime hours) based on the number of employees at the worksite. OJT's require WIOA eligibility determinations, case management and reporting in IWDS.
A "Registered Apprenticeship" (RA) is an effective "earn and learn" model with a long history of providing career ladders and pathways to the middle class, particularly for the building and construction industry but increasingly in other industries as well. Registered Apprenticeships must be registered with the U.S. Department of Labor, and have five components: business involvement, structured on-the-job training, related classroom and workplace instruction, rewards for skills gains, and an industry recognized credential at the successful completion of training.
An act to replace the Workforce Investment Act of 1998 to strengthen the United States workforce development system through innovation in, and alignment and improvement of, employment, training, and education programs in the United States, and to promote individual and national economic growth, and for other purposes.
