- TRA: (608) 267-7772
Fax (414) 393-6825
- TAA: (888) 258-9966
Trade Adjustment Assistance (TAA) and Trade Readjustment Allowances (TRA)
Re-employment Trade Adjustment Assistance is a wage subsidy available to workers who are age 50 years or older at the time they find new full-time work which pays less than the weekly wages at the TAA certified employer. The subsidy is 50% of the difference between new employment wages and previous wages. RTAA subsidy is limited to a maximum of two years (104 weeks), the maximum allowed depends on which law covers your petition, and the maximum amount is reduced by any TRA weekly benefits you have claimed. Claiming RTAA cancels out all future eligibility for the TRA weekly benefits. You can qualify for the HCTC Health Coverage Tax Credit while claiming RTAA. RTAA payments are reported to the IRS as taxable income.
New employment must be Fulltime, which is currently 32 hours per week(the exception is if you are going to school fulltime, then work at 20 hours per week is allowable).Multiple part-time jobs can be combined to meet the 32 hours full-time requirement.
The projected annual wages at new employment cannot exceed certain levels, depending on which TAA Law applies to your petition:
If annual wages exceed these amounts then you do not qualify for RTAA.
New employment can not be at the same employment site as your TAA certified employer
The RTAA wage subsidy is 50% of the difference between your previous weekly wages and weekly wages at new employment - not hourly wage rates. Overtime pay is excluded from the subsidy calculation.
The maximum allowed RTAA payment depends on which TAA Law applies to your petition:
Your maximum allowed RTAA payment is reduced if you received any TRA weekly cash payments. Each week that you received TRA reduces RTAA amount by about 1%. (For instance, if your petition qualifies for $12000 but you claimed 25 weeks of TRA while you were in school, then your max benefit is reduced by 25% down to approximately $9000 maximum.)
There is a 104-week period to qualify for and claim RTAA. Your “104-week clock” can start whether you find fulltime work right away or not.
You must provide documentation of your age such as a drivers license. You must provide documentation of your wages in the form of a paystub, or statement from the company showing pay rate and hours worked.
RTAA payments are reported to the IRS as taxable income. We cannot withhold state or federal taxes from your RTAA payment. You need to put aside funds to cover any additional taxes that you may owe. One strategy is to reduce the number of exemptions with your new employer, in order to make your tax deductions higher.