More cash payouts for Singaporeans to help them with living expenses during the COVID19 outbreak
SINGAPORE: Financial assistance for the unemployed and low-income workers are set to increase as the COVID-19 outbreak unnerves businesses and ...Share this content Bookmark SINGAPORE: Financial assistance for the unemployed and low-income workers are set to increase as the COVID-19 outbreak unnerves businesses and employees across Singapore. “The best way to safeguard the well-being of our people is by supporting them to stay employed,” said Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Thursday (Mar 26). Advertisement Advertisement “As the impact of COVID-19 on our economy deepens, some workers will lose their jobs or see their incomes significantly reduced. We will help them.” UNEMPLOYMENT BENEFITS Between May and September this year, low- and middle-income workers who become unemployed can receive a grant of S$800 a month over three months as they look for a new job or undergo training under the COVID-19 Support Grant. Those who are eligible must not have a per capita household income of S$3,100 a month or live in a property with an annual value of S$21,000 or more, among other criteria. Beneficiaries can apply at their nearest social service offices (SSOs). Advertisement READ: 10 things you need to know about Budget 2020 Residents who require help more urgently can tap on the Temporary Relief Fund, which they can access via the SSOs and community centres come April. Eligibility for the ComCare scheme – a government welfare programme that provides assistance to those who fall into financial hardship – will be eased to ensure affected Singaporeans can get help. A total of S$145 million will be set aside for this set of unemployment benefits. HELP FOR HOUSEHOLDS originally valued at S$1.6 billion , will now cost about S$4.6 billion. Mr Heng said:"Many Singaporeans are concerned about how they will pay their bills and household expenses if their livelihoods are affected during this uncertain period. "We will put more cash in the hands of all families to help them cope." Cash payouts for all adult Singaporeans will now be tripled to a range of S$300 to S$900, depending on their income. The additional cash payout given to each Singaporean parent with at least one Singaporean child aged 20 and younger will also be tripled from S$100 to S$300. Singaporeans aged 50 and over who were set to get a S$100 top-up in their PAssion cards will receive the amount in their bank accounts instead, as to avoid the need to queue at top-up stations, said DPM Heng. These cash payouts will be disbursed between August and September this year. Grocery vouchers given to needy Singaporeans this year will also triple from S$100 to S$300. Together with the S$100 voucher given to them next year, they will receive S$400 in grocery vouchers over 2020 and 2021. Read more: CNA
And yet you have chronic complainers being negative about everything. They cannot see blessings when it drops on them and greed is root of all evil. We need to be thankful for what we have in comparison to many countries reeling in despairs. Sporeans better wake up! Why does it take so Long to disburse the money though? August to September? In these times people need the money soon or now!
I need the answers to the pay out date.when is it? Can someone tell me? Is it still starting only in August 2020? FinanceMinister SGBudget2020 This Singapore 3rd generation politician 真的没话说 , really 患难见真情 😅 Over here we need to withdraw from our retirement fund..sighhh
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