Sec. 221. Adjustment assistance
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In accordance with this part, the Secretary shall award adjustment assistance for a calendar year to any individual who— submits an application for an adjustment assistance option under any of paragraphs
(1)through
(3)of subsection
(b)to the Secretary in a manner determined by the Secretary; is determined by the Secretary to be a certified adversely affected worker as of the date on which such individual submits the application; and meets all requirements under this section with respect to the applicable adjustment assistance option. For a calendar year, an individual may apply for adjustment assistance under not more than 1 of the following options: Option A shall consist of adjustment assistance that is— federally funded unemployment compensation under part III, and the amendments made by such part; premium subsidy credits and cost sharing benefits for health insurance under section 241, and the amendments made by such section; and additional pension benefits under section 243, and the amendment made by such section. Option B shall consist of adjustment assistance that is— funding in an amount equal to the cost of attendance (as defined in section 472 of the Higher Education Act of 1965 ( 20 U.S.C. 1087ll )), for a program of education or training of not more than 4 years at a public institution of higher education (as defined in section 102 of such Act ( 20 U.S.C. 1002 )), subject to paragraph (4); or training services and appropriate career services under section 242; job search allowances and relocation allowances under section 242, for individuals who meet the requirements under subsections
(d)and
(e)of that section, respectively; and an amount for living expenses that is based on, and calculated in the same manner as, the cost of attendance, as defined in that section, for the training services and career services, subject to paragraph (4); and premium subsidy credits and cost sharing benefits for health insurance under section 241, and the amendments made by such section, and additional pension benefits under section 243, and the amendment made by such section. Option C shall— be for an individual who is 62 years of age or older on the date on which such individual submits an application under subsection
(a)and— retires from the adversely affected employment not later than 120 days after the date on which such individual becomes a certified adversely affected worker; or in the case of an individual whose adversely affected employment was at an applicable firm that is no longer capable of providing the full retirement pension and health care benefits as promised, has retired prior to the date on which such individual becomes a certified adversely affected worker; and consist of adjustment assistance that is— the premium subsidy credits and cost sharing benefits for health insurance under section 241, and the amendments made by such section; and additional pension benefits under section 243, and the amendment made by such section. Any amount provided for the cost of attendance of a program of education or training under paragraph (2)(A)(i), or for living expenses related to training services under paragraph (2)(A)(ii), shall be reduced by any amount provided toward such cost of attendance or living expenses under section 242, section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ), or any other Federal grant assistance program. An individual who has received adjustment assistance for a calendar year shall reapply for such assistance for any subsequent calendar year subject to subsection (d). An individual may receive adjustment assistance under subsection (b)(1) for not more than 3 years. An individual may receive adjustment assistance under subsection (b)(2) for not more than 4 years. During a calendar year, an individual receiving adjustment assistance under an option under subsection
(b)may terminate adjustment assistance under that option and apply to receive adjustment assistance under a different option under such subsection.
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