THE next instalment of wage support totalling S$4 billion for over 140,000 employers will be disbursed from May 28, as part of the enhanced Jobs Support Scheme (JSS), the Ministry of Finance said in a press statement on May 17. Read more at The Business Times.
THE next instalment of wage support totalling S$4 billion for over 140,000 employers will be disbursed from May 28, as part of the enhanced Jobs Support Scheme , the Ministry of Finance said in a press statement on May 17.
For the payment in May, employees will receive 75 per cent support for the first S$4,600 of wages paid to local employees. This will be computed based on last November wages, and future JSS payouts will be adjusted to account for the actual wages paid in May 2020.Employers need not apply for the scheme, as the cash grant will be automatically computed based on CPF contribution data as at Feb 14. Employers who registered for PayNow Corporate by May 22, can expect to receive the payment by May 28.
Employers are encouraged to sign up for PayNow Corporate to receive faster JSS payouts digitally. Employers can sign up for PayNow Corporate by linking their UEN/NRIC/FIN to their bank accounts via Internet banking for instantaneous approval by the banks.
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