Employers to get over S$3b in wage subsidies payouts from end-March

Singapore

FROM March 30, more than 150,000 employers will receive payouts of over S$3 billion under the Jobs Support Scheme (JSS) of wage subsidies. The payment will benefit over two million local employees.

Employers who have 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 to receive the payout, said the Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) in a joint statement on Thursday.