Total Rewards Asia Summit 2024 Singapore
human resources online

The Employment Insurance System Bill in Malaysia to be deferred

The Malaysian government has announced the deferment of the Employment Insurance System (EIS) Bill 2017 to the next Dewan Rakyat meeting, as reported in The Malay Mail Online.

The EIS Bill aims to create a fund to help retrenched workers with a contribution by both employers and employees, will now have its second and third reading in October, when the lower House of Parliament resumes.

Following its first reading in the parliament last week, Datuk Seri Mustapa Mohamed, International Trade and Industry minister moved on the morning of 10 August to defer the EIS Bill.

ALSO READ: KCGCCI secretary-general: EIS will be a blow to local businesses

The Bill was one of four bills deferred by Putrajaya to the next sitting. The others included the Malaysian Aviation Commission (Amendment) Bill 2017, Intellectual Property Corporation of Malaysia (Amendment) Bill 2017, and Stamp (Amendment) Bill 2017.

Today is the last day of the second meeting of the Dewan Rakyat, which is in its fifth session.

The EIS Bill has met with objections from both employers and trade unions, some who felt that the statutory contribution amount proposed was not proportionate to the amount of retrenched workers.

Photo / 123RF

Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!

Free newsletter

Get the daily lowdown on Asia's top Human Resources stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's Human Resources development – for free.

subscribe now open in new window