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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