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Published on: Wednesday, March 10, 2021
By: Bernama
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Maybe it can be increased by RM1 or RM2 to further widen the safety protection, said M. Saravanan. (Photo: Via The Malaysian Reserve)
Kuala Lumpur: The human resources ministry is studying the need to raise Social Security Organisation (Socso) contributions under the Employees’ Social Security Act 1969 (Act 4) without burdening the people.
Its minister M Saravanan said the contribution rate had never been raised since 1971, the year the agency was established, adding that his ministry found the demand for contributions had increased from all job sectors, including from the informal sector.
“The people are more aware of the benefits (of Socso contributions) because they provide safety protection. I believe the situation calls for a slight increase that will not burden the people. ....

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