Table with 4 columns and 5 rows.
Coal Community Transition FundMunicipalities and First Nations affected by the coal phaseoutProvides funding for economic development and diversification initiatives. Approximately $5 million is allocated, and 12 projects have been approved before the fund was exhausted.Uncertainty in local strategic planning; even when new investments are made, differences in occupational suitability may hinder transitions from high-emission industries. The funding level is also considered relatively low.
Coal Workforce Transition Program: Bridge to Re-employmentDisplaced coal workersOffers income support for up to 45 weeks by supplementing Employment Insurance benefits to 75% of previous earnings, aiding in re-employment.Insufficient compensation for wage gaps after transition; support is limited only to permanent employees.
Coal Workforce Transition Program: Bridge to RetirementWorkers aged 53 and olderProvides income support for up to 72 weeks, or until pension income surpasses benefits, maintaining 75% of prior earnings.Inadequate support in terms of pension benefits and assistance for dependents, leading to challenges in long-term financial stability.
Coal Workforce Transition Program: Relocation AssistanceWorkers relocating for a confirmed full-time job (more than 40 km)Reimburses moving expenses up to $5,000 to help workers relocate for new opportunities.For workers with strong local ties or older demographics, a cash benefit alone may not offer sufficient incentive, and may not fully mitigate long-term living risks.
Coal Workforce Transition Program: Tuition VoucherWorkers undergoing retrainingProvides vouchers of up to $12,000 for education and training at eligible publicly funded institutions to facilitate career transition.Success hinges on aligning training with industries that suit transitioning workers’ skills, and ensuring high investment efficiency.