Employment Insurance System Act 2017

Working in the private sector.

Employment insurance system act 2017. Employment insurance act 1026 kb pdf full document. Short title and commencement 1. Malaysian citizens permanent residents. The system or scheme itself is administered by the country s social security organisation socso and both employers and employees must make contributions.

3 the eis is to help employees who have lost their employment by way of financial assistance. Employment insurance act 1026 kb pdf full document. 2 eis is administered by the social security organisation of malaysia socso. 1 this act may be cited as the employment insurance system act 2017.

Workers aged 57 and above who have never paid contributions before that age are not covered by the eis act. The employment insurance system act 2017 eis act came into effect on 1 january 2018. Employed based on a contract of service. Under the self employment social security act 2017 with a monthly contribution you ll receive protection against injuries diseases and accidents during work related activities.

Social security general standards. Employment insurance system act 2017 act 800. The malaysian government passed the employment insurance system bill in october 2017 as a new protection measure and it became compulsory on 1 january 2018. Akta sistem insurans pekerjaan 2017.

Previously employees who were terminated or retrenched did not receive any benefits during the period they were unemployed. Summary of employment insurance system act 2017 eis act 2017 1 the eis act 2017 came into operation on 1st january 2018. Employment insurance act 1707 kb act current to 2020 11 17 and last amended on 2020 09 27. The employment insurance system act 2017 eis is an act that aims to encourage the employees to seek re employment apart from strengthening their employability in the labour market through placement programmes.

4 eis act 2017 applies to all industries having one or more employee s. 2 this act comes into operation on a date to be appointed by the minister by notification in the gazette. For the first time in malaysia some form of unemployment benefits are provided for private employees. An overview of the employment insurance system act 2017.