339,000 workers to receive Workfare Special Bonus instalment

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About 339,000 older and low—wage workers will get their third payment of the Workfare Special Bonus (WSB) by Saturday.

The bonus is part of the government’s S$3.2b "Grow & Share" package announced in February 2011 to help them cope with rising costs of living.

The bonus, which is given on top of the regular Workfare Income Supplement (WIS), is paid in four instalments.

Two of the instalments amount to 50 per cent of WIS for work done in 2010, and 25 per cent of WIS each year for work done in 2011 and 2012.

The first instalment was paid in May 2011 and the second, in December 2011.

Eligible workers will be paid fully in cash.

The WSB is expected to cost the government about S$450 million over three years.