Related Topics: | HRM Advice | Socso

What is the scope of Socso?

The Social Security Organisation (SOCSO) administers the following schemes:

 

·         Employment Injury Scheme (EIS); and

·         Invalidity Pension Schemes (IPS).

 

These schemes are aimed at providing cash and medical benefits to employees in case of temporary or permanent disablement/invalidity, death and employment injury, including occupational diseases.

 

All employees with monthly wages of RM2,000 or less are covered by the schemes.

 

Any employee falling within the schemes will continue to remain within the schemes notwithstanding that his or her monthly wages may subsequently exceed the threshold of RM2,000.


I want help                                                         FreeAdvice


Please contact Alvin For Advertising & Sponsorship Information

FINMART FreeAdvice® is the leading business advisory site for business people doing business in Malaysia. It provides advice relating to most common business problems and to help business people to understand the way how business should be properly conducted, but is not a substitute for personal business advice from the respective professional and experts. You are welcome to view FINMART FreeAdvice® for your own personal, non-commercial purposes, and subject to our legal disclaimer and conditions of use.

©2000 FINMART. All rights reserved. Legal Disclaimer