Updated: 02/26/2013 01:43

Higher income cap of $1,900, bigger payouts & cash component for Workfare Income Supplement



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.

Latest Photo Galleries on xinmsn

NEWS VIDEOS