More than 140,000 employers to receive S$4 billion in Jobs Support Scheme payouts from Jul 29

More than 140,000 employers, with 1.9 million local employees, will receive the payouts to help retain their workers, the Ministry of Finance said on Sunday .Deputy Prime Minister Heng Swee Keat said with this July disbursement, more than S$15 billion would have been paid to employers to support wage costs for local employees.

Employers who have made mandatory Central Provident Fund contributions for their local employees will be qualified to receive the JSS payouts.For the payment in July, employers will receive up to 75 per cent support for the first S$4,600 of wages paid to local employees in February and March this year.

“Part of this wage support was disbursed as an advance in the previous payout in April to provide immediate cash flow support. As the amount disbursed was calculated based on October 2019 wages, necessary adjustments will be made in the upcoming payment in July, in accordance with actual wages paid in April 2020,” said MOF.

Employers with PayNow Corporate or GIRO arrangements with Inland Revenue Authority of Singapore can expect to receive the JSS payouts earlier from Jul 29, while other employers will receive their cheques from Aug 4.

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