News

Montana Selected to Participate in Personal REemployment Account Project

U.S. Secretary of Labor Elaine L. Chao recently
announced that Montana is one of seven states selected for a nearly $7.9 million
demonstration project to allow unemployed workers to use Personal Reemployment
Accounts (PRAíS) to find new jobs.

"Unemployed and dislocated workers will be
empowered by Personal Reemployment Accounts to select their own training and
career paths," said U. S. Labor Secretary Elaine L. Chao.

"Montana is pleased to be selected to participate in this important and
ground-breaking demonstration, which will provide maximum flexibility to
unemployed workers seeking reemployment services that best help them prepare for
and find new jobs quickly", said Wendy Keating, Commissioner of Labor and
Industry.

Personal Reemployment Accounts are personally managed funds that eligible
unemployed workers use to purchase job training and supportive services and
products from either the marketplace, or Job Service Workforce Centers, or other
public service providers. "Montana will be able to offer individual accounts of
up to $3,000 to unemployed workers most likely to exhaust their Unemployment
Insurance benefits before finding employment." PRAís are additional benefits
and will not affect traditional Unemployment Insurance benefits.† Montana will
initially receive† $557,792 in grant monies.

For more information, contact the Montana Department of Labor and Industry
Workforce Services Division at 406-444-3351.

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.