By NextBestFitTask 1.13.2 of 5
Benefits: wage replacement of 90% / 70% / 50% in Years 1–3 of unemployment (capped at $120k), 50% wage insurance for 2 years if reemployed at lower pay, $12,000 training voucher, and bridge pensions for workers 58+.
Who does it
DOL
When
Month 12
Trade-off
Generous wage replacement reduces hardship but may slow reemployment.
Part of: Launch the displaced-worker program
About 975,261 workers in insurance, billing, brokerage, PBMs, and related jobs will lose them over four years. The program pays wage replacement, wage insurance, training, and bridge pensions, and gives hiring preference at UHA and in health care.
This step changes 1 existing laws, programs, or institutions. See the list.