10 Sep '11, 2pm

(ST) Central residents will Reap benefits in economic downturn

(ST) Central residents will Reap benefits in economic downturn

Mayor Sam Tan disclosed on Saturday that his agency has set aside enough funds for a Recession Economic Assistance Package (Reap) to help families with laid-off workers in the event of a downturn. -- ST PHOTO: JOYCE FANG By Elgin Toh In a sign of deepening economic uncertainty, the Central Singapore Community Development Council (CDC) has become the first of the five CDCs to announce comprehensive plans to help casualties of any recession. Mayor Sam Tan disclosed on Saturday that his agency has set aside enough funds for a Recession Economic Assistance Package (Reap) to help families with laid-off workers in the event of a downturn. The money, to be given out in cash, vouchers and subsidies, is meant to tide them over the initial phase of a downturn, before national help schemes kick in. Read the full report in this week's edition of The Sunday Times. Please enable JavaScr...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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