The Department of Labor has approved a lavish unemployment benefit for laid off Boeing workers. They will receive unemployment benefits 5 times longer than other workers, taxpayers will pay 90% of any expenses related to interviewing for another job out of state, and 90% of moving costs if indeed the worker takes such a job.
Anyone out there who’s been laid off in the past 5 years or so (I know there are many of you) get a deal like this?
But wait, there’s more…
(From The Seattle Times)
While unemployed, they’ll also get a tax credit for nearly three-quarters of their health-care premiums. And they’re eligible for a grant of up to $25,000 toward the cost of a degree.
And for those workers over 50, if they have to take a lower-paid job after leaving Boeing, the government will provide up to $10,000 over two years in supplementary pay to make up some of the difference.