Employment Insurance Scheme Eis Malaysia Rate

Employment insurance scheme eis in malaysia an act to provide for the employment insurance scheme implemented from 1 january 2018 administered by the social security organization to provide certain benefits and a re employment placement programme for insured persons in the event of loss of employment which will promote active labour market policies and for matters connected therewith.

Employment insurance scheme eis malaysia rate. Well if you take a closer look at your payslips you d notice a small deduction for something called your employee insurance scheme. Both your employer and yourself would contribute 0 2 of your salary to the scheme total 0 4 monthly. The contributions are being collected in a fund in order to provide financial assistance to retrenched employees. Menara perkeso 281 jalan ampang 50538 kuala lumpur.

The bill seeks to establish the employment insurance scheme eis for post exit benefits to affected individuals and to assist with re employment. It provides financial support for those who are between jobs allowing them some peace of mind while looking for their next source of employment. 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. 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 employment insurance system eis was first implemented in january 2018 by perkeso. Under eis employees who are retrenched will be given a portion of the insured salary from the 0 4 monthly contribution. Malaysia on the other hand is catching up to provide retrenchment benefits to unemployed malaysians. Proposed by prime minister datuk seri najib razak the employment insurance scheme eis is expected to be tabled in parliament in the july august 2017 sitting.

Here s how it works. I c your complaint send to 15888. It is a financial scheme aimed at helping employees who lost their jobs until they find new employment. Introduced in 2018 the employment insurance system eis is designed as a safety net for workers who have lost their jobs due to retrenchment or other similar circumstances.

The contribution rate is based on section 18 and schedule 2 of the employment insurance system act 2017. A sliding scale percentage of wages may be claimed for up to six 6 months of unemployment for job search purposes.