SSG Training Grant
With the strong economic recovery, the Ministry of Manpower (MOM) and the SkillsFuture Singapore are focusing on efforts to expand the national Continuing Education and Training (CET) system to support the vision of capability and productivity driven growth laid out by the Economic Strategies Committee (ESC).
A new support for approved Continuing Education and Training (CET) courses under the Skills Development Fund (SDF) have been introduced. Employers will be able to leverage on more funded courses for Professionals, Managers, Executives and Technicians (PMETs), to reflect the changing workforce profile, with PMETs making up more than one in every two in the workforce now.
The revised funding rates for courses pre-approved for funding under the SDF will take effect from 1 December 2010, as shown in Table 1 below. Funding for approved PMET courses will no longer be limited to Small and Medium Enterprises (SMEs).
Table 1: Revised funding rates for SDF pre-approved courses with effect from 1 December 2010
|TYPE OF COURSES||FUNDING COMPONENT||Courses Targeted at Ranked-and-File level||Courses Targeted at PMET^ level|
|CERTIFIABLE||Course Fee Support||80% of course fee capped at SGD7.00 per hour||50% of course fee capped at SGD15.00 per hour|
|Absentee Payroll Support||80% of hourly basic salary capped at SGD4.50 per hour|
|OTHERS||Course Fee Support||SGD2 per hour|
The changes will not affect older low-wage workers who are eligible for the Workface Training Support (WTS) scheme which took effect on 1 July 2010. Employers who sponsor older low-wage workers for training under WTS will continue to enjoy enhanced course fee and absentee payroll funding.
There is no change to the existing application and claim process. Applicant companies should continue to apply for course fee and absentee payroll funding in the SkillsConnect system. The system will automatically apply the higher funding rates under WTS for eligible older low-wage workers.
Above information is extracted from SkillsFuture Singapore website and may subject to changes. For latest information please visit the SkillsConnect website. For further enquiry, please call SkillsFuture Singapore hotline at 6883 5885.
Post Secondary Education Account (PSEA)
A child can use his PSEA funds to pay for his own or his siblings’ approved fees and charges for approved programmes conducted by Air Transport Training College (ATTC).
The following is a list of approved programmes:
- Foundation Degree In Aircraft Engineering (FdEng)
- Specialist Diploma In Aircraft Maintenance And Engineering (SAME)
- Applied Diploma in Aerospace Maintenance (ADAM)
- WSQ Higher Certificate in Aerospace Maintenance
For more information about the PSEA Fund, please refer to the MOE Website
Study loans are available from the following Institutions
- RHB Bank. Contact Number: 1800 323 0100 or Fax: 6224 9346
- OCBC Bank. Contact Number: 9339 3978 Loan Ambassador: Karyn Tan