The opening of TERS applications for the month of May 2020

The Temporary Employer/Employee Relief Scheme (“TERS”) has been implemented to assist employees who have had their salaries affected due to the Covid-19 pandemic. TERS, in accordance with the schedule provided in the Unemployment Insurance Act (“UIA”), pays these employees a portion of their salary.

A high volume of applications for TERS was experienced for April 2020. In order to counteract the backlog payments, the Unemployment Insurance Fund (“UIF”) has only now opened the application portal for the month of May 2020.