The SkillsFuture Jobseeker Support scheme is estimated to cost over S$200 million a year.
The SkillsFuture Jobseeker Support scheme will provide financial payouts of up to S$6,000 over six months to eligible Singapore residents. in Singapore will hand out up to S$6,000 over six months to those who have been retrenched, with payouts starting at a maximum of S$1,500 in the first month and declining subsequently.
The scheme, first announced by Prime Minister Lawrence Wong during the National Day Rally earlier this month, will be launched for citizens in April next year and for PRs in the first quarter of 2026. About 60,000 Singapore residents are estimated to be eligible for the scheme per year, which will account for more than 60 per cent of involuntarily unemployed persons.Dr Tan said that the scheme aims to strike"a careful and delicate balance" to support those who are more likely to face financial pressure and may rush into jobs that do not fit them well.
"Individuals who have been involuntarily unemployed for more than six months in the past 12 months would ordinarily not be eligible, as the scheme is meant to encourage those who face employment setbacks to take immediate actions to re-enter the workforce and not delay their job search," said MOM and WSG.
“The job search condition provides flexibility to individuals to customise their job search efforts,” said MOM and WSG.Those who qualify will receive up to S$1,500 in the first month, S$1,250 in the second month, S$1,000 in the third month and S$750 in each of the remaining three months. Dr Tan said the quantum of the monthly payouts is higher at the start to provide"greater peace of mind" immediately after unemployment.
Retrenchment Support Jobseekers
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