Covid-19: TERS - 5 important updates
04 May 2020 | COVID-19 (Coronavirus disease) | Legal | Joon Chong, Dhevarsha Ramjettan, Johan Olivier, Shane Johnson, Bianca Viljoen, Zipho Tile at Webber Wentzel
Since the launch of TERS, there has been (almost) daily changes introduced by the Unemployment Insurance Fund. Important amendments to TERS were gazetted on 8 April 2020.
Following those amendments, the Minister of Employment & Labour signed off on further amendments and corrections on 16 and 20 April 2020, respectively. In addition to these changes, the UIF has also publicly released the method of calculation for TERS benefits. We highlight 5 important updates on TERS for employers below.
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