Archive for the ‘Retirement’ Category

Forestry Worker Assistance; Tuition Assistance for Retraining

Tuesday, July 15th, 2008

In response to the serious downturn in the forest industry in BC, the Provincial Government has rolled out a funding program designed to help forestry workers. In addition to funding support for those choosing early retirement and for job creation, there is also a tuition assistance fund. “Premier Gordon Campbell announced details of three new programs to support forest workers and communities coping with the challenges of a changing industry…We’re working with forest companies, labour and communities to ensure that B.C.’s forest sector receives effective, timely assistance to deal with the impact of market volatility and cyclical change,” Campbell said.” http://www.for.gov.bc.ca/pscripts/pab/newsrel/mofnews.asp?refnum=2008OTP0118-000&searchtext= 

A qualified worker in the forest industry may receive $5000 towards tuition to retrain. This is great news. But before you run out and sign up for that training you have been dreaming of, you may want to research your options. You could end up sitting next to someone who has received a lot more money to help with training costs. Or you might meet someone who is going to a training course that sounds much more interesting than the one you have chosen. 

While $5000 dollars sounds like a big chunk of change, it only goes so far when returning to school. It is very helpful in covering tuition costs for some programs but not for all. And, what about books, transportation and living expenses? If you have that all covered, great! But, if finances are tight, read on. Depending on which school and training program you choose, you could pay as much as $10,000 for tuition, books and supplies, even before you tack on living expenses. 

In addition to the Forest Worker Assistance funds, there are other sources of funding that may help you to return to school. You may be eligible to receive EI while you are going to school or you might be able to use Training Support Program funds to help you with training and living costs. Student loans are also a flexible option that might fit for you. Make sure you find out about this before you sign up for training because, once you start your training, you may no longer have access to these funds. 

The really good news is that at The Career Centre, our professional employment consultants can help you navigate these waters and create a plan that works for you. You can take the time to research your options and create a good plan. Call, or drop in to make an appointment to see an employment consultant and start your return-to-work action plan today. You can also go on-line to find out more about this funding: 

http://www.labour.gov.bc.ca/cdt/ 

Mandatory Retirement Eliminated

Friday, May 4th, 2007

Last week the Provincial Government announced that mandatory retirement will be eliminated by January 1, 2008.  This will mean that employees over the age of 65 will be protected under the Human Rights Code and have the option to keep working. This change in legislation will be a benefit to both employers and job seekers. With the current labour shortages employers are looking to baby boomers to fill the gaps. Also with the rising cost of living (according to the 2007 Parksville Community Profile the average sale price of a home rose 14% between 2005 and 2006) it may be a necessity for some people over 65 to continue working to continue to have the lifestyle they would prefer.

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