comparemela.com

Latest Breaking News On - Employee social security act - Page 14 : comparemela.com

Socso to widen safety net

Socso contribution rate may be raised, says minister | Daily Express Online

Published on: Wednesday, March 10, 2021 By: Bernama Text Size: Maybe it can be increased by RM1 or RM2 to further widen the safety protection, said M. Saravanan. (Photo: Via The Malaysian Reserve) Kuala Lumpur: The human resources ministry is studying the need to raise Social Security Organisation (Socso) contributions under the Employees’ Social Security Act 1969 (Act 4) without burdening the people. Its minister M Saravanan said the contribution rate had never been raised since 1971, the year the agency was established, adding that his ministry found the demand for contributions had increased from all job sectors, including from the informal sector. “The people are more aware of the benefits (of Socso contributions) because they provide safety protection. I believe the situation calls for a slight increase that will not burden the people.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.