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At the May Day Rally Appreciation Lunch yesterday, the National Trades Union Congress (NTUC) announced that it has raised a total of $25 million for the NTUC-Education and Training Fund (NETF).
With the government providing a 1:3 matching grant, this has enabled the labour movement to inject an additional $100 million into the training fund – the halfway mark of its $200 million target, NTUC said in a statement to Human Resources.
Investment income from the NETF trust fund will be used to fund courses through course fees subsidies, NTUC added.
Under the Union Training Assistance Programme supported by the NETF, union members can tap on more than 3,200 training courses to enjoy course fee subsidy, capped at a maximum of $250 per year.
Looking ahead, NTUC also plans to use the NETF investment income to catalyse new models of adult learning to hasten our speed-to-market turnaround time for working people.
“With strong support from the Unions, U Associate, U SME, Government as well as corporate and individual donors who share our common objective in mobilising working people to embrace continuous lifelong learning, we will be able to push forth our goal to achieve sustainable skills upgrading for worker,” the NTUC said.
Photo / 123RF