Budget 2011: 400,000 to receive Workfare special bonus
Workfare Special Bonus will be given for work done in 2010 - 2013. -AsiaOne
A one-off Special Bonus payment will be paid out to about 400,000 workers who are on the Workfare Income Supplement (WIS) scheme. The Workfare Special Bonus will be given for work done in 2010, as well as for this and next year.
The Bonus will amount to 50% more WIS for work done in 2010, and 25% more WIS each year for work done in 2011 and 2012. Employees will receive these bonuses fully in cash.
There will be two Bonus payments this year, with the first on 15 May 2011.
Self-Employed Persons who make their Medisave contributions will also benefit. They will receive half of their bonus in cash, and the other half in their CPF Medisave accounts.
The Special Workfare Special Bonus, together with the Special Employment Credit will provide additional support for older working Singaporeans over the next three years by helping them keep their jobs and topping up their pay.
Employees contributing to CPF will receive the bonus payments automatically.
Self-Employed Persons will have to make their Medisave contributions.
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