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  1. The Workfare Income Supplement (WIS) scheme encourages eligible workers to work and build up their CPF savings by providing them with cash payments and additional CPF contributions.

  2. www.mom.gov.sg › employment-practices › schemes-for-employers-and-employeesWorkfare - Ministry of Manpower

    May 3, 2024 · Workfare supplements income and retirement savings of lower-wage workers, and encourages upskilling with training support. Workfare is a key pillar of Singapore's social security landscape.

  3. From 1 July 2023, the Workfare Skills Support (WSS) scheme is enhanced to: i. Allow more lower-wage workers to benefit from WSS and upskill earlier in their careers; ii. Encourage lower-wage workers to undertake deeper and more sustained training. Click here for more information.

  4. The Workfare Income Supplement scheme encourages eligible workers to work and build up their CPF savings by providing them with cash payments and additional CPF contributions.

  5. Feb 16, 2024 · The Workfare Income Supplement scheme, or Workfare, was instituted to supplement the incomes and Central Provident Fund (CPF) savings of lower-wage Singaporean workers to encourage them...

  6. Workfare Income Supplement (WIS) Scheme. Supplements eligible workers' income and retirement savings through cash payments and CPF contributions. SCHEME HIGHLIGHTS. Employees: payment of up to $4,200 per year currently and up to $4,900 per year from 2025 (40% cash, 60% in CPF)

  7. Jun 20, 2024 · You will be eligible for the Workfare Income Supplement (WIS) scheme if you: i. are a Singapore Citizen; ii. are at least 30 years old or older on 31 December of the Work Year or are a person with disability of any age; iii. earn a gross monthly income 1 of at least $500 2, but not more than $2,500 for the month worked and in the past 12 months ...

  8. Workfare is targeted at lower-income workers, with higher payments for older workers and persons with disabilities. The fourth pillar of our social security system “Silver Support and Workfare are the fourth pillar of our social security system.

  9. Feb 23, 2024 · The Workfare Income Supplement Scheme (WIS) is a permanent scheme that helps lower wage workers in Singapore by supplementing their income in cash and CPF top-ups. Workfare Income Supplement (WIS) aims to support Singaporean workers who are in the bottom 20% in terms of earnings.

  10. Enhancements to Workfare. Introduced in 2007, the Workfare Income Supplement Scheme Boosts the income of lower-wage workers. Encourages them to work regularly. Helps them save more for retirement. Enhancements from Work Year 2023.