BL Premium reports that discussions are underway about extending the Unemployment Insurance Fund’s (UIF’s) Covid-19 Temporary Employer/Employee Relief Scheme (Ters).
The UIF on Friday confirmed that the government and social partners at the National Economic Development and Labour Council (Nedlac) were looking at extending the scheme after the state of disaster was extended for another month until 15 November. This news came amid concerns over the ability of the UIF to meet the growing demand for benefits amid escalating retrenchments as a result of a rapid contraction of the economy. Meantime, President Cyril Ramaphosa announced last week as part of his economic recovery plan that the government would extend the temporary R350 grant for the unemployed who receive no other form of relief money for three months beyond the end of October. The Ters scheme was introduced in March to help employers in distress provide wage benefits to employees via the UIF. It was initially to cover three months and was then extended. But with the national state of disaster continuing, many workers have still not been able to return to work or have had to work less hours.
- Read the full original of the report in the above regard by Genevieve Quintal at BusinessLive (paywall access only)
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