Increment Of The Wage Ceiling For Monthly Contributions From RM 4,000 To RM 5,000
By marcom@micci.com
Sep 5, 2022
The Social Security Organisation (SOCSO) has published the amendment of the Employees Social Security Act 1969 (Act 4) and the Employment Insurance System Act 2017 (Act 800) which involved increasing the wage ceiling limit for monthly contributions from RM4,000 to RM5,000 effective beginning 1st September 2022.
The contribution amount applies to employees with salaries from RM4,000 to RM5,000 per month. For employees with salaries exceeding RM5,000 per month, the contribution amount is subject to the wage ceiling of RM5,000. Accordingly, the contribution payment for the month of September 2022 shall be paid latest by 15th October 2022 and the subsequent months shall be made by the employer according to the new wage ceiling.
For more informations about the increment of the wage ceiling for monthly contributions from RM 4,000 to RM 5,000, please read the employers’ Circular No. 1 Year 2022 (English version) by clicking on this link : https://drive.google.com/file/d/1eSWBvAo08BuGnElcygg_OZdRTSLNhtLj/view?usp=sharing
For the FAQ (BM Version), please click on this link: https://drive.google.com/file/d/1faKFIZTbhemc4hKFHku8_7LGZIgwdRWR/view?usp=sharing