ters extend

Advertisement
 


Now that the Unemployment Insurance Fund's Covid-19 Temporary Employer/Employee Temporary Relief Scheme, or TERS as we know it, has been extended, only specific sectors will qualify to benefit from it. Here's who qualifies to benefit from TERS.


Following President Ramaphosa's announcement that the Covid-19 Temporary Employer/Employee Relief Scheme is being extended, UIF has officially re-opened the applications. The aim of TERS is to help fight the worst financial effects of the pandemic.


The Unemployment Insurance Fund has said that they will reopen applications for the Temporary Employer/Employee Relief Scheme in March now that it has been extended. The aim of TERS is to help fight the worst effects of the pandemic on South Africans and to ensure that workers are not left penniless.


The Unemployment Insurance Fund still has the task of working out the details of the Covid-19 Temporary Employer/Employee Relief Scheme, better known as TERS, and it's extension. New applications to benefit from the scheme are yet to open.


The UIF TERS Scheme provided by the South African government has now come to an end after the applications for the last period closed on 31 December 2020. Many wonder why there has not been an extension due to the extended alert Level 3 lockdown. 


After President Cyril Ramaphosa extended the adjusted alert Level 3 lockdown, the Democratic Alliance has called on the government to extend the UIF TERS Scheme. 


Now that President Ramaphosa has extended the National State of Disaster to 31 January 2021, it begs the question, will the Unemployment Insurance Fund be extending the Covid-19 TERS fund as well? Well, here's what we know.


The Congress of South African Trade Unions (COSATU) has called Government's move to not extend the Covid-19 Temporary Employer/Employee Relief Scheme 'reckless' and 'outrageous'. They are now calling on the President to extend TERS funds and are saying that this will have many question who is in charge.


It is now your last chance to apply to benefit from the Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has said that they will make sure that all the outstanding valid claims are paid. 


The Unemployment Insurance Fund  has exceeded R51 billion in payments for Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has now said that they will make sure that all the outstanding valid claims are paid.


Now that Government has officially announced that they'll be extended the R350 Special Relief of Distress grant for another three months, will the Unemployment Insurance Fund follow? Everyone is now asking whether the Temporary Employer/Employee Relief Scheme (TERS) will now also be extended for another three months.


Advertisement

 


Advertisement


Advertisement



Advertisement


Advertisement