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Malaysia: Perkeso Enforces New Salary Ceiling for Contributions Effective October 1, 2024

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The Social Security Organisation (Perkeso) will enforce a new salary ceiling for contribution purposes, raising it from RM5,000 to RM6,000, effective October 1, 2024.

This enforcement follows amendments to the Workers’ Social Security Act 1969 (Act 4) and the Employment Insurance System Act 2017 (Act 800).

The increase in the salary ceiling will provide enhanced benefits to employees earning more than RM5,000, with benefit payment rates rising by up to 20.2%.

Starting from October 1, 2024, the revised contribution amounts for employees earning more than RM5,000 and RM6,000 per month will be applied as outlined in the Third Schedule of Act 4 and the Second Schedule of Act 800.

For more information on the contribution rates, please refer to the table at https://www.perkeso.gov.my/en/rate-of-contribution.html.

 

The Ripple Effect: Why a Low Unemployment Rate is a Win for Every Malaysian?

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In a rapidly changing global economy, Malaysia’s consistently low unemployment rate stands as a beacon of resilience and opportunity. But beyond the numbers, what does this mean for the everyday Malaysian?

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Thriving in the Digital Age: Practical HR Steps for Building a Resilient Workforce in Malaysia

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In today’s fast-evolving digital landscape, building a resilient workforce requires more than just traditional HR practices, it demands the integration of advanced technology and strategic insights tailored to the unique challenges of the Malaysian business environment.

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Malaysia: The Gateway to Southeast Asia for Global Companies

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Malaysia stands as a dynamic gateway to Southeast Asia, strategically located just above the equator between the Indian Ocean and the South China Sea. This prime location ensures excellent connectivity, with robust air and shipping routes servicing the nation.

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