PEP : 6 months allowance to find job

[garg]

Dear Friends,

The 6 months allowance to find job, is that only for first job or cumulative for 5 years or in between jobs everytime.

Foe Example :
A person starts gets PEP stamp on 1-Aug-2010, gets first job on 1-Sep-2010, then loses the job after 3 years, then does the person have 6 months to look for another job or 5 months ( because of utilizing one month earlier ).

Thanks.

[sundaymorningstaple]

If you will read the bolded part below (as well as the rest) you will see that yes, you can have up to 6 months at a time without a job, HOWEVER, You must STILL earn at least a MINIMUM of 30K per annum. You have to fill out a form annually to report these amounts and if you fail to make the 30K you lose the PEP. Please see the reporting requisites in the last paragraph.

Conditions of Validity

Maximum Unemployment Period: This cannot exceed six continuous months at any point. This applies to PEP holders working in Singapore as well as PEP holders working on overseas stints assigned by their employers in Singapore. PEP holders who intend to leave Singapore and work for employers overseas should cancel their PEPs.

Minimum Annual Salary: PEP holders must earn an annual fixed salary of at least $30,000 for each calendar year of the PEP.

Requisite Notifications to MOM: PEP holders and their employers will need to keep MOM informed of each change in the PEP holders' employment status (e.g. commencement or cessation of employment) and agree to make available to MOM information on their annual fixed salary. PEP holders will also need to notify MOM of any changes in their contact details viz. local contact person and address.

Also, to note, it's only good for one issuance. If you fail to meet the requirement one year you lose the PEP forever. You cannot go on it and off of it for up to five years. It's issued ONCE and is good for UP TO a maximum of five years. After that? You will either have to go onto an employment pass or PR.

[blueibmer]

i got PEP recently and asked MoM about this, it's 6 months in between jobs, and when you get a job, you and your employer just inform MoM about the change of employment details. it's good for 5 years, unless you become PR or go beyond 6 months of unemployment.

[sundaymorningstaple]

I believe that is exactly what I wrote.