TEMPORARY EMPLOYER/EMPLOYEE RELIEF SCHEME (TERS)

The Department of Employment and Labour has published Regulations and a guide to enable businesses to apply for funding to assist employees where employers are unable to pay them during the 21 day lockdown – and up to a period of 3 months.

The key criteria are:

  • Business has closed due to Covid-19
  • Suffering financial distress
  • Covers salary costs of an employee up to a maximum of R 17 712,00 per month per employee
  • Capped to income replacement rate as per Unemployed Insurance Fund – 38% to 60%
  • Where amount work out less than minimum wage – minimum wage for industry will be paid to employee
  • Business must be registered with UIF
  • No salary payment is made by business to an employee during period

Employers wanting to register for TERS must mail [email protected]. A response will be received detailing process to be followed.

https://www.blcattorneys.co.za/wp-content/uploads/2020/03/Ters-Relief-Regulations.pdf

https://www.blcattorneys.co.za/wp-content/uploads/2020/03/Ters-guide.pdf

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