New support scheme for retrenched workers to have tiered payouts starting with S$1,500 in first month

Temporary financial help will be given to eligible unemployed workers from April 2025 under the new SkillsFuture Jobseeker Support Scheme
The scheme was first announced by Prime Minister Lawrence Wong during the National Day Rally
The Ministry of Manpower (MOM) provided more details on Tuesday (Aug 27)
Eligible workers could receive a total of S$6,000 in tiered payouts over six months, with the highest payout of S$1,500 in the first month
To apply for the scheme, workers will have to meet certain criteria, including previously earning an average of S$5,000 or less per month
About 60,000 Singapore residents will be eligible for the scheme per year, added MOM