MOF rolls out $4b wage support

This is expected to benefit over 140,000 employers.

The Ministry of Finance (MOF) will release a $4b wage support from 28 May as part of the enhanced Jobs Support Scheme (JSS), an announcement revealed.

This is expected to benefit over 140,000 employers.

MOF stated that employers do not need to apply for the scheme as the cash grant will be automatically computed based on CPF contribution data as at 14 February.

They are encouraged to sign up for PayNow Corporate by 22 May to receive faster payouts and may expect to receive the payment by 28 May. Other employers will receive their cheques between 3 and 5 June.

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