What Is Eis Malaysia

As the name suggests the eis is primarily aimed to help laid off employees who are looking for another job and who contribute to socso. Eis aims to provide employment insurance public employment services and labor market information lmi to the malaysian workforce. Written by imoney editorial illustration by syazrul azmi.

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The malay name for it is sistem insurans pekerjaan or sip.

What is eis malaysia. 1 what is eis and am i eligible for it. What exactly is the eis. Used interchangeably eis the eis eis perkeso represents the malaysian employment insurance system mentioned above. The contribution rate is based on section 18 and schedule 2 of the employment insurance system act 2017.

The contribution rate for employment insurance system eis is 0 2 for the employer and 0 2 for employee based on the employee s monthly salary. Employment insurance system eis welcome to the employment insurance system eis homepage. The eis was proposed as a social security net for retrenched employees who seek a new job and require temporary financial assistance up to six months to get back on their feet. Who needs to contribute.

Managed by the social security organisation socso eis the eis eis perkeso is the abbreviation for the employment insurance scheme. 03 4256 7798 sms. Government employees domestic workers and the self employed are exempted. Basically eis is a job loss coverage scheme designed to help workers who have lost their jobs by providing them with temporary financial assistance among others.

Socso will provide unemployed workers with job search allowance for up to six months based on a scaled amount but this will only kickstart in 2019. Currently this rate is 0 2 for the employer and 0 2 for the employee based on the employee s monthly salary. If you are an eis contributor who recently lost your job you may be eligible to receive benefits. Menara perkeso 281 jalan ampang 50538 kuala lumpur.

Eis coverage all employers in the private sector are required to pay monthly contributions for each of their employees. An employee is defined as a person who is employed for wages under a contract of service or apprenticeship with an employer. Please continue reading to see how we can assist you. Introduced in 2018 the employment insurance system eis is designed as a safety net for workers who have lost their jobs due to retrenchment or other similar circumstances.

The employment insurance section eis is managed by perkeso and the contribution rate is governed by section 18 and schedule 2 of the employment insurance system act 2017. Proposed by prime minister datuk seri najib razak the employment insurance scheme eis is expected to be tabled in parliament in the july august 2017 sitting. It provides financial support for those who are between jobs allowing them some peace of mind while looking for their next source of employment. I c your complaint send to 15888.

Malaysia on the other hand is catching up to provide retrenchment benefits to unemployed malaysians. A form of relief has now appeared in the employment insurance scheme eis which took effect on january 1 2018. All employers in the private sector whose employees are covered under the act are required to pay contributions on behalf of their employees.