NDR 2024: Government to provide up to S$6K financial support for those who lost their jobs

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NDR 2024: Government to provide up to S$6K financial support for those who lost their jobs
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The new SkillsFuture Jobseeker Support scheme aims to assist individuals for up to six months

Workers who lost their jobs will soon receive up to S$6,000 in temporary financial support under a new scheme announced by Prime Minister Lawrence Wong during his National Day Rally speech on Aug 18.

PM Wong’s speech at ITE College Central touched on the Government’s intention to offer an alternative to traditional unemployment insurance, which some countries use. He mentioned that the Government was ready to launch the new scheme after discussions with the National Trades Union Congress and the wider labour movement, which have pushed for this kind of support.

Expected to roll out in early 2025, the allowance was originally available only for selected full-time courses to help offset income loss. The Ministry of Education is working on the details of this expansion and will provide more information soon.Netizen asks if it’s common for companies to lowball new hires with low pay even after asking their expected salary

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