Energy Worker Transition: 5 Years of Wages, Health, and Education Benefits.
This Act establishes a comprehensive support program for workers displaced by the closure of coal mines or fossil-fuel intensive plants. Eligible individuals can receive up to five years of wage replacement, subsidized health insurance, and educational assistance for themselves and their children. The goal is to ensure financial stability and facilitate the transition into the clean energy economy.
Key points
Displaced workers from fossil fuel facilities (including refineries) are eligible for up to 5 years of payments replacing their lost wages, adjusted for any new income.
The government subsidizes health insurance premiums for 5 years and ensures continuity of employer contributions to retirement savings plans.
A new educational assistance program, similar to the GI Bill, is available for workers and their children for use at public, in-State institutions or approved vocational training.
The Office of American Energy Workers is established within the Treasury Department to administer these benefits and prevent fraud.
Expired
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