Changes to JETCO eligibility requirements from 1st April 2015:

 

Eligiblity requirements for a JETCO training courses commencing after the 1st of April 2015 will change. The new rules are summiries below.

  1. Employees with 6 consecutive monthly contributions into the JETCO training fund are eligible for a training subsidy of up to $500.00 on approved courses.
  2. Once an employee receives 12 consecutive monthly contributions into the JETCO training fund, they are eligible for increased training subsidy as follows;
    1. Where the employer contributions $5.00 per week in the training fund, the employee is eligible for a training subsidy of up to $1,200.00.
    2. Where the employer contributions $10.00 per week in the training fund, the employee is eligible for a training subsidy of up to $1,800.00

The time allowed to start any training and be eligilbe to receive a subsidy has alos increased. From the 1st of April, an employee will remain eligible for a JETCO subsidy on approved courses commenced up to 6 months after payments into the JETCO training fund have ceased.

 

More information regarding the JETCO training fund is avilable for employees and employers.