Budget 2022 – MEASURES TO UPLIFT LOWER-WAGE WORKERS

23/02/2022

GOVT TO IMPLEMENT MEASURES TO UPLIFT LOWER-WAGE WORKERS

  • PROGRESSIVE WAGE CREDIT SCHEME:
    • between 2022 to 2026
    • co-funding by government on wage increases for lower-wage workers by up to 50% in the first two years
  • WORKFARE INCOME SUPPLEMENT ENHANCED:
    • raised qualifying salary to $2,500 from $2,300
    • extended to younger workers from 30-34 years old
    • increase the amount of WIS to $2,100-$4,200 per annum

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