We have noted before that everyone should try to support legislators that have the foresight to help older workers that want to stay in the workforce. The NCOA Public Policy Update for June reported that Reps. Rahm Emanuel (D-IL) and Jim Ranstad (MN) have introduced a bill (H. R. 6036), the Lifelong Learning Accounts Act, that would allow workers to “create employer-matched, portable educational accounts that workers can use to finance their education and training” (per the NCOA).” This is an important change from current law, which only works for retraining directed to an individuals present  job. The latter is obviously not much help to those who lost their job because of category obsolescence or heavy competition in a category from foreign competitors.

 Details on the legislation can be located on Rep. Emanuel’s web site.

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