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May 10, 2016

SOCSO Coverage Contributions Ceiling Raised to RM4,000

500,000 more Malaysians will be able to benefit from SOCSO coverage come 1 June 2016, as announced by Human Resource Minister Datuk Seri Richard Riot Jaem. If you’ve earned up to RM3,000 per month up till May 2016, then you may have noticed that a part of your monrthly salary is apportioned for SOCSO by both you and your boss (if not, look for its annual summary in your EA form). Upon the gazetting of the amendments to the Employment Social Security Amendment Act, the number of workers who will benefit from SOCSO coverage is expected to increase to 6.5 million individuals. That’s one fifth of our entire country’s population! SOCSO is, for some reason, the [...]

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