What you need to know about the UIF’s COVID-19 TERS extension.

12th March 2021 By: Creamer Media Reporter

The UIF’s COVID-19 TERS has been extended

The UIF’s COVID-19 TERS has been extended. Here's what you need to know:

What is the extension period?

The period for the extension is from 16 October 2020 to 15 March 2021, broken up into two claim periods:

Claims can be made for the entire period or part of a period. There hasn’t been any change in the calculation of the benefits, and as per the previous TERS benefits, applications may only be made for employees who are contributors to the UIF.

Who qualifies?

The following employees qualify if they have had a loss of income due to salary reductions or leave:

Cinemas Nightclubs Beaches, dams, rivers and lakes
Theatres Swimming pools Passenger ships
Casinos Bars, taverns and shebeens Venues where social events are held
Museums, galleries, libraries and archives Public parks Venues hosting concerts and live performances
Gyms and fitness centres Domestic and international travel Hotels, lodges, bed and break­fast establishments, time share facilities, resorts and guest houses
Restaurants Rail, bus services and taxi ser­vices Conferencing, dining, enter­tainment and bar facilities
Venues hosting auctions E-hailing services International sports, arts and cultural events
Venues hosting professional sports Sale, dispensing and distribu­tions and transportation of liquor Any industries that form part of the value chain of the above, at the discretion of the UIF

What documents need to be submitted?

As per previous claims, employers are required to upload the following docu­ments:

What if employees don’t fall into the categories above?

Employees who continue to be affected by short time, shift rotations, temporary layoff, and other operational re­quirements related to current economic conditions, but who do not work in the specified sectors, will be entitled to claim relief under section 12 (1B) of the UI Act i.e., Reduced Work Time (RWT).

The benefit for RWT is calculated in the same way as the COVID-19 TERS benefits. However, unlike the TERS benefits, it utilises an employee’s credits.

Please get in touch with us to find out more about how we can assist you.

 

Cova Advisory