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SINGAPORE – A Program That Complements the Income of Low-Wage Workers is Being Revised
This results in a decrease in the number of people qualified for the Workfare (WIS) Income Supplement Plan. last year compared to 2015, after more than 10%. State Minister to the Labor, Mohammad Zaqy Mohamad, announced that the Ministry of Manpower (MOM) will ensure that more than one million of beneficiaries see their salary rise above the income ceiling.
Under the WIS, Singaporeans earning a gross monthly income of up to $ 2,000 receive salary supplements of up to $ 3,600 a year, depending on their gross monthly income. age and income. They were made in the form of cash and supplements of the Central Provident Fund.
Last year, 366,000 workers received supplements, down from 389,000 in 2015.
M. Zaqy said 42,000 beneficiaries saw their incomes rise beyond the plan's income cap in 2016 and in 2017.
"In other words, they came out of the WIS because" they are now earning more, which is not bad at all. added. "Still, our goal remains the same – the WIS will continue to be a key pillar of support for our low-wage workers."
The results of the review, which Mr Zaqy will direct, will be published next year. More details will be announced at next week's Parliament session.
At the last review in 2016, the income ceiling for the plan was increased from $ 1,900 per month to no more than $ 2,000 per month.
Maximum payments were also increased from $ 3,500 to $ 3,600 a year depending on the age and income of the workers, with the money paid to the beneficiaries monthly rather than quarterly.
These payments, says Mr. Zaqy, can up to 30 percent of a worker's annual income and constitute a "significant booster to their wages."
million. Zaqy said the wages of low-wage workers "have risen faster than inflation" and that wages have risen faster than wages. the highest incomes of the last five years.
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