Learn about SOCSO contributions in Malaysia, including who is eligible, what payments are subject to the contribution, and how to fulfil your obligations as an employer or employee. Understand the schemes under the Employees' Social Security Act and the various payment methods available for SOCSO contributions.

SOCSO is short for Social Security Organization. It is also known as PERKESO. According to the Employee's Social Security Act 1969, it is mandatory for private companies in Malaysia to register with SOCSO within 30 days

Soon, self-employed individuals in all industries will have to contribute to the Self-Employment Social Security Scheme (SKSPS).

Employers will face more difficulties if the government's plan to create a safety net for private-sector workers through the Social Security Organisation (Socso) is implemented.

Working wives are also eligible to contribute to the Housewives' Social Security Scheme, even if they are already contributing under the Employees Social Security Act 1969 (Act 4).

Employers involved in the Hiring Incentive Programme (PenjanaKerjaya) would be subjected to thorough vetting and frequent monitoring by the Social Security Organization (Socso).

The Dewan Rakyat yesterday passed the Employees' Social Security (Amendment) Bill 2022. It aims to enhance social security coverage by raising some benefits for workers.

The proposed Housewives’ Social Security Act, which aims to provide social security for insured housewives, was tabled in Parliament yesterday.

Social Security Organisation (Socso) said that its contributors can still receive Covid-19 benefits, but they are limited to certain professions only.

According to the Socso, the service and manufacturing sectors recorded sectoral retrenchment rates of 69% and 21%, respectively, last year.