Out-Law News | 30 Mar 2021 | 1:29 am |
Over S$3 billion ($2.2bn) will be paid to 150,000 employers in Singapore under the Job Support Scheme (JSS) from 30 March, benefitting more than two million workers.
Qualified employers should have made mandatory Central Provident Fund (CPF) contributions for their local employees for the months of September to December 2020 by the stipulated deadlines, a statement said.
For the payment in March, employers will get at maximum 50% support for the first S$4,600 ($3414) of gross monthly wages paid in September to December 2020.
Employers in the aviation, aerospace and tourism sectors will get 50% support while those in food services, retail, arts and entertainment, land transport, marine and offshore sectors will receive 30%.
Employers in the built environment sector will get 50% support for wages paid in September and October 2020 and 30% for the following two months in 2020. All other sectors will receive 10%.
It said around 5,500 companies will get their payouts in March delayed until end of April, pending a check by the Ministry of Trade and Industry (MTI) on firms' reopening dates used to compute JSS payouts.
Mayumi Soh of Pinsent Masons MPillay, the Singapore joint law venture between MPillay and Pinsent Masons, the law firm behind Out-Law, said: “This is further evidence of the government’s efforts to help employers retain its employees during this difficult period.”
The JSS provides wage support for helping companies on retaining their local workers during their suffering from business loss due to Covid-19 pandemic.