EIS records RM36.8 million collection

EIS records RM36.8 million collection

This is almost double the RM19,922,407 collected as of Feb 15.

office-worker-reuters
Socso is said to be targeting RM479.5 million in EIS contribution collections, involving 403,000 employers and 6.6 million workers. (Reuters pic)
PETALING JAYA:
The Social Security Organisation’s (Socso) Employment Insurance System (EIS), which took effect on Jan 1, has recorded a contribution collection of RM36.8 million as of March 9.

Socso chairman Aseh Che Mat said the collection came from 292,250 employers across the nation.

“The increase in contribution collection is encouraging as the amount almost doubled in less than a month, from RM19,922,407 on Feb 15,” he told reporters during his working visit to Wisma Perkeso here today.

Aseh said to date, there had been 3,068 EIS payment applications, with 1,650 applicants receiving payments amounting to RM960,000.

“Each will receive RM600 per month for a period of three months to lessen their financial burdens while waiting to secure a new job,” he added.

Socso was reportedly targeting RM479.5 million in EIS contribution collections, involving 403,000 employers and 6.6 million workers who contributed to Socso.

The EIS was implemented as a social security net to help workers who had lost their jobs and were looking for new employment.

Aseh said Socso contributors would receive EIS payments of up to 90% of their salary beginning February next year following the maturity of the EIS contribution.

 

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