Higher income cap of $1,900, bigger payouts & cash component for Workfare Income Supplement
The Workfare Income Supplement (WIS) scheme will now cover workers earning up to $1,900 a month, $200 more than the previous cap.
This means the WIS will benefit about 480,000 Singaporean workers or about 30% of the citizen workforce.
Payouts will also be raised by between 25% and 50%, depending on age.
The cash component will also be higher.
Workers will now get 40% of Workfare in cash, up from 29%.
CPF contribution rates for low-income workers will also be raised to the same level as those for higher income workers.
MORE SINGAPORE NEWS
Latest Photo Galleries on xinmsn
Technology that generates touchable 3D imagery is unveiled in Japan, with its developers saying users could pull and push objects that are n... More Technology that generates touchable 3D imagery is unveiled in Japan, with its developers saying users could pull and push objects that are not really there. Duration: 01:07
Date 26 mins ago, Duration 1:06, Views 0