Employers to receive over SGD3B in Singapore scheme payouts

SINGAPORE (CNA) – More than SGD3 billion in payouts will be disbursed to employers under the Jobs Support Scheme (JSS) from March 30.

The payouts will be given to more than 150,000 employers to support the wages of more than two million local employees, said the Inland Revenue Authority of Singapore (IRAS) and Ministry of Finance (MoF) yesterday.

“With this payout, over SGD24.5 billion of JSS support would have been disbursed since the introduction of the scheme at the Unity Budget in February 2020,” they said in a press release.

The JSS provides wage subsidies to help companies retain and pay their local workers as businesses take a hit from the COVID-19 pandemic.

Employers who made mandatory Central Provident Fund (CPF) contributions for their local employees for the months of September to December 2020 by the stipulated deadlines will qualify for the payout.

For the upcoming payment in March, employers will receive up to 50 per cent support for the first SGD4,600 of gross monthly wages paid in September to December 2020. Employers in the aviation, aerospace and tourism sectors will receive 50 per cent support. Those in food services, retail, arts and entertainment, land transport, as well as marine and offshore sectors will receive 30 per cent.

Employers in the built environment sector will receive 50 per cent support for wages paid in September and October 2020, and 30 per cent for November and December 2020.

All other sectors will receive 10 per cent support.