339,000 workers to receive Workfare Special Bonus instalment
Posted: 29 November 2012 1137 hrs
SINGAPORE: About 339,000 older and low-wage workers will get their third payment of the Workfare Special Bonus (WSB) by Saturday.
The bonus is part of the government's S$3.2b "Grow & Share" package announced in February 2011 to help them cope with rising costs of living.
The bonus, which is given on top of the regular Workfare Income Supplement (WIS), is paid in four instalments.
Two of the instalments amount to 50 per cent of WIS for work done in 2010, and 25 per cent of WIS each year for work done in 2011 and 2012.
The first instalment was paid in May 2011 and the second, in December 2011.
Eligible workers will be paid fully in cash.
For instance, a WIS recipient aged 60 and earning S$1,000 a month will receive S$700 in WSB on December 1. This is on top of the S$2,800 that he would have received in WIS this year, making it a total of S$3,500.
A worker who is 45 years old and earning the same wage will receive S$350 in WSB this year on top of the S$1,400 that he would have received in WIS, giving a total of S$1,750.
The WSB is expected to cost the government about S$450 million over three years.
- CNA/xq
- wong chee tat :)
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