• Temporary one-year scheme

• 120,000 employers to benefit

• Automatically granted to all eligible employers via CPF - they do not have to apply

• All businesses that make CPF contributions for their employees - with the exception of local and foreign government organisations - are eligible

• Four quarterly payments in March, June, September, December

• Amount paid depends on number of employees (Singaporeans and PRs only), and wage costs based on contributions to CPF made for them in the preceding quarter. Government pays 12 per cent of wage cost, subject to a monthly wage cap of $2,500 per employee.

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