Employment Insurance Scheme Malaysia 2018

The employment insurance system eis was first implemented in january 2018 by perkeso. The government is bullish about the implementation of the employment insurance scheme eis by jan 1 2018 three years after being introduced in budget 2015. I c your complaint send to 15888.

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Seven of the remaining nine plan to cut between 80 and 600 jobs each.

Employment insurance scheme malaysia 2018. The eis was first proposed in mid 2016. The new employment insurance scheme by socso. The bill was implemented on january 1 2018. On october 26 2017 the malaysian house of representatives approved the new employment insurance scheme eis which was then approved by the senate and parliament.

New employment insurance scheme eis for terminated employees in malaysia to take effect on 1 january 2018 by sok mei lin oct 27 2017 human resource managed services the bill seeks to establish the employment insurance scheme eis for post exit benefits to affected individuals and to assist with re employment. Out of the ten shell malaysia is on top of the list with a projected 1 300 job cuts in two years. Malaysia on the other hand is catching up to provide retrenchment benefits to unemployed malaysians. The contributions are being collected in a fund in order to provide financial assistance to retrenched employees.

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. It provides financial support for those who are between jobs allowing them some peace of mind while looking for their next source of employment. It is a financial scheme aimed at helping employees who lost their jobs until they find new employment. 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.

Menara perkeso 281 jalan ampang 50538 kuala lumpur. Pick up these skills to embrace the digital era. This article first appeared in the edge financial daily on january 27 2017. The eis is a brand new and additional tax contribution for all employees and employers in malaysia.

Human resources minister datuk seri richard riot jaem pic said the national economic council nec of the economic planning unit has approved. 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 employment insurance system bill was first tabled in parliament in 2017 with employers and employees making contributions to the fund at the start of 2018. 03 4256 7798 sms.