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Reminder: EIS contributions must be paid before 15th of each month

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Employers are reminded by the Social Security Organisation (SOCSO) to pay their contributions for the Employment Insurance Scheme (EIS) before the 15th of each month.

The EIS, introduced for the first time and effective from 1 to 15 February this year, acts as a social security net aimed at helping workers who lose their jobs to receive temporary financial assistance and to seek a new job or obtain training.

Bernama reports that SOCSO’s public relations unit said the EIS payments within this period would be for January 2018.

“The contribution should be made before or by the 15th of each month to avoid a fine for late payment imposed on employers,” SOCCO said in a statement.

“All workers aged 18 to 60 years are entitled for the monthly contribution at 0.2% of their salary from employers and also 0.2% from the workers themselves.”

“Only those aged 57 and have never contributed to SOCSO are exempted from this protection plan.”

ALSO READ: First EIS payments in Perak been made to former developer staff

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