Employers Must Pay EIS Before 15th Each Month
The Social Security Organisation (Socso) reminds employers to pay contributions for the Employment Insurance Scheme (EIS) introduced for the first time and effective from this Feb 1 to 15.
Socso's Public Relations Unit said the payment within this period would be for January this year.
"The contribution should be made before or by the 15th of each month to avoid a fine for late payment imposed on employers.
"All workers aged 18 to 60 years are entitled for the monthly contribution at 0.2 percent of their salary from employers and also 0.2 percent from the workers themselves.
"Only those aged 57 and have never contributed to Socso are exempted from this protection plan," it said in a statement.
The EIS is implemented as a social security net for workers who have lost their job to obtain financial assistance and to seek a new job.
For more information on the EIS, visit www.perkeso.gov.my/sip or call the customer service line at 1300 22 8000.