ECONOMY | Staff Reporter, Singapore

Singapore provides up to $700 one-off payout for employees on no-pay leave

The support package is part of the new COVID-19 Recovery Grant (Temporary).

Singapore has launched a new COVID-19 Recovery Grant (Temporary) (CRG-T) support package for lower to middle income earners who are currently not receiving any CRG support with a one-off payout.

The Ministry of Finance said that the livelihoods of some workers have also been affected, such as those in F&B, hawkers, retail, arts as well as sports and fitness sectors.

"The Government will introduce the COVID-19 Recovery Grant (Temporary) scheme to provide one-off support for lower- to middle-income employees and self-employed persons who are financially impacted as a result of the tightened measures,” MOF said in a statement

Under the new CRG-T package, employees who are placed in an involuntary no-pay leave for at least one month may receive up to $700 whilst employees and self-employed persons facing income loss of at least 50% for at least 1 month may receive up to $500.

Application for the grant will be from 3 June to 2 July.

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