Employers can expect to recieve the first payment of the Special Employment Credit (SEC) by 30 Sep 2011. According to news reports, 167,000 older, low-wage Singaporeans employed by 51,000 employers are eligible. This first payment is expected to cost the Government up to S$17 million.
Eligible employers will be notified by the CPF Board from September 19 onwards.
Read more about how you can redesign jobs for your older employees.