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Good news for these employees regarding the Covid-19 TERS funds they may have been unaware of

Kukizi
By Kukizi | self meida writer
Published 16 days ago - 1334 views

The Unemployment Insurance Fund released a media statement through its Twitter platform sharing some good news for the employees regarding the Covid-19 TERS funds.There are some employees who will be benefiting who have been overlooked before.


Image Credit : Google

The fund revealed together with its social partners, NEDLAC have so far made good progress regarding how the TERS funds will be extended in order to assist the vulnerable employees.

In accordance to the media statement , the meeting that took place at NEDLAC saw the proposal by the Unemployment Insurance Fund being endorsed regarding the workers who will benefit from the TERS funds.

It was approved that the members of the public who will benefit from the TERS funds are as follows.

It was approved that those workers who have been affected by the lockdown , employees with comorbidities and those employees above 60 who can't be at work will be the beneficiaries of the extended TERS funds .

The fund is reported to have made a proposal on how those employees who went on quarantine or isolation can also get to benefit from the UIF , and the proposal was welcomed .

Image Credit: Google

Moving on , the statement highlighted that the UIF managed to identify these sectors which will be covered by the UIF in order to help them deal with the loss in income generation.

The sectors that involve tourism and hospitality, manufacturing, sector of alcohol sale and distribution, and those who are in dispensing are all going to be the beneficiaries of the TERS funds.

These are not the only sectors who will be the beneficiaries of the TERS funds. This is because the UIF highlighted that in collaboration with its social partners, they will identify other sectors that should not be left out of the process of getting assistance.

The fund assured that other businesses that may have been left out will be included in the list as well.

Image Credit: Google

Marsha Bronkhorst , who is the Acting UIF Commissioner highlighted that there is going to be a review of the proposed beneficiaries to ensure that every affected sector is included.

It is further revealed in the statement that there was an agreement to have two forms of payments under the extended TERS funds.

The first payment is planned to cover the period between 16 0ctober and the 31st of December 2020.The second means of payment will cover the period between the 1st of January and the 15th of March 2021.

It is further highlighted by the Unemployment Insurance Fund that they are now working working on the configuration of the system so that the payment for the extended TERS funds can get underway.


Image Credit: Google

The Unemployment Insurance Fund used the statement to reveal when they plan to open the system to take applications from their applicants. It was highlighted that the applications for the first phase of payments which covers a period between the 16th of October and the 31st of October will be made in the first week of March.When the system is ready, the public will get the notification.

https://www.labour.gov.za/nedlac-partners-endorse-uif-proposal-for-covid-ters-extension?platform=hootsuite

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