29 June, 2018
Malaysia’s Social Security Organisation ("SOCSO") functions as a form of an insurance organisation which is responsible for providing financial protection to all registered contributors in the event of emergencies, injuries or death in the course of discharging their duties under the Employees’ Social Security Act 1969. The Employment Insurance System ("EIS"), also under the purview of SOCSO, is a system set out to financially assist employees who were made redundant pursuant to a retrenchment exercise. As it stands, the spouses of employers employed by these employers are exempt from both plans.
Recently, the Minister is looking to expand the scope of SOCSO and EIS to allow spouses who work for their partners to be included under the coverage of SOCSO and EIS. The Minister has expressly said that the amendments are expected to come into force with effect from 1 July 2018.
Website: www.thesundaily.my/news/2018/06/07/july-1-spouse-termed-employee-business-covered-sosco.
For further information, please contact:
Nadia Abu Bakar, Shearn Delamore & Co
nadia@shearndelamore.com
