What is employee SOCSO?

Social Security Organization (SOCSO) which is also known as PERKESO is a government agency established in order to implement and administer the social security schemes under the Employees’ Social Security Act 1969.

Who is eligible for SOCSO?

All employees who are employed under a contract of service or apprenticeship in the private sector and contractual / temporary staff of Federal / State Government as well as Federal / State Statutory Bodies need to be registered and covered by SOCSO.

What is the benefit of SOCSO?

The Social Security Organization (SOCSO) provides social security protection by social insurance including medical and cash benefits, provision of artificial aids and rehabilitation to employees to reduce the sufferings and to provide financial guarantees and protection to the family.

How much SOCSO is deducted from salary?

A company is required to contribute SOCSO for its staff/workers according to the SOCSO Contribution Table & Rates as determined by the Act. The company will pay 1.75\% while the staff/workers’ will contribute 0.5\% of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme.

What is EPF and Socso?

1. Employees Provident Fund (EPF) contribution. 2. Social Security Organization (SOCSO) contribution.

What is Socso and EIS?

Basically, EIS is a job-loss coverage scheme designed to help workers who have lost their jobs by providing them with temporary financial assistance, among others. SOCSO will provide unemployed workers with job search allowance for up to six months based on a scaled amount, but this will only kickstart in 2019.

Is EPF and Socso same?

The EPF is a federal statutory body under the Ministry of Finance, while Socso is a government department under the Ministry of Human Resources. A merger of EPF and Socso could lead to the creation of a healthcare fund, pension fund and workman compensation fund.

What is my Socso number?

Your SOCSO number is the same as your IC number if you are a Malaysian resident. If you want to confirm your SOCSO number, you can call the agency’s hotline at 1-300-22-8000. You can also talk to a representative through the PERKESO website.

How is socso calculated in Malaysia?

The amount paid is calculated at 0.5\% of the employee’s monthly earnings (according to 24 wage classes as in the Contribution Table & Rates below) along with the 1.75\% contribution [of the monthly payroll] from the employer.

What is EIS and Socso?

How is socso calculated?

How old is Perkeso?

SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial), was established in 1971 under the Ministry of Human Resources (formerly known as Ministry of Labour) to provide social security protections to all employees/workers in Malaysia.

What does SOCSO stand for?

SOCSO = Social Security Organization. In Bahasa Malaysia, it would be PERKESO = Pertubuhan Keselamatan Sosial. It is an organization protects Malaysian employees as accordance with Employees’ Social Security Act 1969. The act requires all employers in Malaysia to register their business and also to register their employees to SOCSO.

What is SOCSO (PERKESO)?

SOCSO (Social Security Organization) is sometimes referred to as PERKESO (Pertubuhan Keselamatan Sosial). It is a government agency formed in 1971 under the Ministry of Human Resources. Under the Employee’s Social Security Act 1969, all private companies in Malaysia are required to register with SOCSO.

How to register for SOCSO in Malaysia?

Employers must fill in Form 2 (Employee Registration Form) for employees without SOCSO coverage, and submit it to the nearest Office of State Director or Manager Office Temporary workers or part-time workers must also be registered for SOCSO provided their salary is below RM4,000.

What is PERKESO in Malaysia?

SOCSO – SOCial Security Organisation, or PERKESO in BM – established in 1971 under the Ministry of Human Resources, is like an insurance organisation for all workers in Malaysia (workers meaning employers, permanent/full-time employees, and even temporary/part-time employees).

https://www.youtube.com/watch?v=MUeDuCXyVCY