Eis Employee Insurance Scheme

It is a financial scheme aimed at helping employees who lost their jobs until they find new employment.

Eis employee insurance scheme. Please continue reading to see how we can assist you. The insurance scheme which will be administered by the social security organisation socso seeks to provide temporary financial assistance for up to six months to workers who are retrenched. Welcome to the employment insurance system eis homepage. 03 4256 7798 sms.

The eis will affect an estimated 6 5 million employees in the private sector. We lay out everything about the employee insurance scheme right here. Any employers that do not comply with the scheme or make false claims could lead to a maximum rm10 000 fine or a jail term of up to two years or both upon conviction. If you are an eis contributor who recently lost your job you may be eligible to receive benefits.

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. 29 march 2017. The employee insurance scheme eis which is administered by the social security organisation socso seeks to provide temporary financial assistance for up to six months to workers who are retrenched or have had some form of loss of income. I c your complaint send to 15888.

The contributions are being collected in a fund in order to provide financial assistance to retrenched employees. With the eis enforced starting from january 1 2018 employers are not allowed to reduce an employee s salary indirectly or directly owing to contributions made to the scheme. The employment insurance system eis was first implemented in january 2018 by perkeso. 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.

Under the current proposal both employer and employee are compulsory to contribute 0 25 of the employee s monthly wages to the common eis pool similar to the socso and epf contributions. Menara perkeso 281 jalan ampang 50538 kuala lumpur. Last week prime minister datuk seri najib razak announced that the government has agreed to implement the proposed employment insurance scheme eis. First introduced in 2018 the employment insurance system eis is a scheme that offers you unemployment benefits and job search assistance should you lose your job for reasons like retrenchment redundancy and so on.

The proposed eis initiative will be managed by socso and the contribution from both employers and employees towards the employee s insurance account is compulsory.