The Unemployment Insurance Fund has exceeded R51 billion in payments for Covid-19 TERS. The fund has now said that they will make sure that all the outstanding valid claims are paid.
The Department said:
While we are extremely elated about paying R51 billion, we are also making sure that all the outstanding valid claims are paid, as soon as all the information is received. We still have 462 863 undeclared workers and urge employers to submit these declarations urgently so we can pay these workers.
The UIF will also be doing a re-run of outstanding payments for the months of April, May and June as well as clients.
Bronkhurst said, “The re-run will cover all claims that were not paid for April, May and June due to outstanding information such as undeclared employees. If all the information has been submitted correctly to us, we will be paying these employees this week”
The Temporary Employer-Employee Relief Scheme (Covid-19 TERS) was set up to assist workers, business and the economy as the job sector was massively impacted by the national lockdown.
Exceeding R51 billion through our special Covid-19 TERS Relief Scheme is a great achievement by all standards and I am proud that we could deliver this financial assistance to workers and companies at the time they needed it the most.
– Department of Employment and Labour
The R51 billion is the largest sum of money Government has disbursed to workers during the pandemic and the Department says that this is a mammoth accomplishment that everyone should celebrate.
I am also proud of the UIF officials and stakeholders for their relentless toils and contribution towards this achievement. Under the most difficult and uncertain of circumstances, we have been able to rise to the occasion and help millions of workers during the lockdown,” said Acting UIF Commissioner Marsha Bronkhorst.
The Department says that they have corrected their mistakes and that they are making sure that they improve further.
The total sum of R51 045 255 369.21 which was spent on TERS covered 1 000 824 companies which amounted to 11 575 623 payments. These payments are broken up into the following:
For April, R21 billion has been paid to 4 240 112 workers through 410 523 employers
May’s payments came to just over R12 billion which benefitted 3 108 611 workers through 280 191 employers
In June, the UIF has so far disbursed R10.5 billion to 2 904 749 workers represented by 217 982 employers
For July/August, R5.7 billion has been paid to 997 499 workers through 67 721
R1.2 billion has been paid for August/September to 324 652 workers represented by 24 407 employers
R1.6 billion was also paid directly to 390 996 workers, R214 million was disbursed to 60 275 domestic workers and R1.6 billion was paid to documented and declared foreign nationals.
The National Economic Development and Labour Council (NEDLAC) are still engaging on whether the Covid-19 TERS fund will be extended.
Read the full statement from the Department of Employment and Labour here.
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