From enrollment procedures to benefits administration, learn more about SOCSO/EIS (Social Security Organization/ Employment Insurance System) to gain insights into Malaysia's social security and employment insurance schemes.
What is the Employment Insurance System?
The Employment Insurance System, EIS, was first implemented in January 2018 by PERKESO. It is a financial scheme aimed at helping employees who lost their jobs until they find new employment. The contributions are being collected in a fund in order to provide financial assistance to retrenched employees. It also aims to provide extended welfare […]
What are the differences between the two SOCSO categories?
Contributions to SOCSO are divided into two categories, as follows: Employment Injury and Invalidity Scheme All Malaysian and permanent resident employees younger than 60 years old contribute under this category, unless they began contributing at the age of 55 or above. Under this category, every month, the employer contributes a value based on the employee’s […]
Which payments are subject to SOCSO/EIS contribution and which are exempted?
Payments Subject to SOCSO/EIS Contribution “Wages” for contribution purposes refers to all remuneration payable in money by an employer to an employee. This includes: Basic Salaries Overtime payments Commissions Payments in respect of leave Service charges Payments Exempted From SOCSO/EIS Contribution The payments below are not considered “wages” and are not included in the calculations […]
What is SOCSO?
Overview SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial), is a Malaysian government agency that was established to provide social security protections to employees under the Employees’ Social Security Act, 1969. Functions of SOCSO The functions of SOCSO are as follows: Registration of employers and employees Collection of contributions from employers and […]
SOCSO contribution table
SOCSO Contribution table (effective 1st September 2022) The first category (Employment Injury and Invalidity Scheme) applies to Malaysian employees aged below 60, while the second category (Employment Injury Scheme) applies to Malaysian employees aged 60 and over, as well as all foreign employees. You should only include the payments subject to SOCSO to determine the salary range. […]
How Do I Pay SOCSO?
Online Banking PayrollPanda generates bulk statutory payment files for supported banks so you can conveniently submit and pay contributions to the statutory bodies via your bank portal. Contributions will be automatically updated in your Assist Portal. Perkeso Assist Portal The Perkeso Assist Portal is a portal that allows employers to manage company details, employee information […]
How to register with PERKESO Assist Portal?
The Perkeso Assist Portal is a portal that allows employers to manage company and employee details, and monthly contributions information for SOCSO and EIS. If you are currently using iPERKESO, you can continue to use it until further notice. To register with the Assist Portal you need to download the Assist Portal Enrollment Form and either email […]
How to pay EIS?
Online Banking PayrollPanda generates batch payment files for certain banks so you can conveniently submit and pay contributions to the statutory bodies. If you submit and pay your EIS contributions via your bank portal, you do not need to submit again via the Assist Portal. Contributions will be automatically updated in your Assist Portal. Perkeso […]
What to do if an employer overpays or underpays SOCSO/EIS contributions?
Overpaid SOCSO You can claim a refund via Assist Portal if you overpaid your SOCSO contribution. Login to PERKESO Assist Portal and follow these steps: Head to My Sites (top right). Inspection > Click on ‘BBC’. Add all required details at Refund Application – PKS(K)50. Click ‘Save & Continue’. Upload documents (business registration certificate and copy of employee’s […]
