Extension the Temporary Wage Subsidy Scheme
The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, announced last week that the Temporary Wage Subsidy Scheme (TWSS) is to be extended.
The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March to support the viability of firms and preserve the relationship between the Employer and Employee, insofar as is possible, by subsidising a portion of the Employer wage bill in circumstances where the Employer’s business has been negatively impacted by the restrictions that have had to be introduced to stop the spread of the COVID-19 virus.
The announcement to extend the scheme now means that those supports will remain in place until the end of August, however, the Minister did indicate that as the economic recovery will be monitored and will “inform a decision later in the summer on the need for further extension or tapering beyond August”.
Continued Support of Pandemic of Unemployment Payment
Minister for Employment Affairs and Social Protection Regina Doherty announced last week that the Pandemic Unemployment Payment will continue until August 10, 2020.
The Pandemic Unemployment Payment has a number of qualification criteria and is available to those to Employees and the self-employed who have lost their job on (or after) March 13 due to the COVID-19 (Coronavirus) pandemic.
The COVID-19 Pandemic Unemployment Payment will be paid at a flat rate of €350 per week until the beginning of Phase 3 of the Roadmap on June 29, 2020 at which point the Pandemic Unemployment Payment is to be recalibrated to include payment at two different rates, which will be aligned to prior earnings, these include:
For those whose prior employment earnings were €200 per week or higher (about 75% of recipients), the rate will remain at €350 per week;
For those whose prior employment earnings were up to €199.99 per week (about 25% of recipients), the rate will be €203 per week - the primary rate of payment of the Jobseeker’s Benefit scheme
Disclaimer - The information in this section is provided to assist Employers on the implementation of the Government Schemes and must be read in the context of the scheme details from Revenue or appropriate government websites and should not be interpreted as a legal definition of any of the information provided. The information is changing constantly and any information provided is correct of June 8, 2020 and is per information on the Revenue website and Government website as of that date.