How the EIS works. Employers and employees will contribute 0.2% each of an employee’s salary, this means that the total contribution would be 0.4% of an employee’s monthly salary. The minimum eligible monthly salary can be as low as RM300, where the 0.4% will see them contributing RM1.20 monthly. All employees aged 18 to 60 are required to contribute. However, employees aged 57 and above who have no prior contributions before the age of 57 are exempted. Contribution rates are capped at insured salary of RM4000.00. RATE 1. The contribution rate for SIP is 0.4% of the employee’s monthly salary as follows: • Employer - 0.2% • Employee - 0.2% 2. The Contribution Table (Second Schedule of Section 18) is attached (Refer Attachment 2.2 ) 3. & PAYMENT 1. Submissions and payments of SIP are due on or before 15th of every month 2. [Disclaimer] -SOCSO is not responsible for any damage or loss caused by using the information in this website. Screen Resolution: 1024 x 768 | Browser : Mozilla Firefox and Google Chrome. Website updated on 9 March 2020. Contribution rates are capped at an assumed monthly salary of RM4000.00. Contribution Rates Contributions to the Employment Insurance System (EIS) are set at 0.4% of the employee’s assumed monthly salary. 0.2% will be paid by the employer while 0.2% will be deducted from the employee’s monthly salary.

Faster Accrual Rates. For those in STPS 2015 there is an option to make an annual election to pay a higher accrual rate (1/45, 1/50 or 1/55) rather than the normal contribution rate in the new scheme of 1/57. There is a factsheet on the SPPA website which provides an illustration of how faster accrual rates build up the career average pot annually.

[Disclaimer] -SOCSO is not responsible for any damage or loss caused by using the information in this website. Screen Resolution: 1024 x 768 | Browser : Mozilla Firefox and Google Chrome. Website updated on 9 March 2020. Contribution rates are capped at an assumed monthly salary of RM4000.00. Contribution Rates Contributions to the Employment Insurance System (EIS) are set at 0.4% of the employee’s assumed monthly salary. 0.2% will be paid by the employer while 0.2% will be deducted from the employee’s monthly salary.

26 Oct 2017 Under the EIS bill, employers and employees will contribute 0.2 per and the contribution rate of 0.2 per cent is a small and fair amount for this 

11 Jan 2017 However, doubts have been expressed over the sustainability of the system given the 0.4% contribution rate. 26 Oct 2017 Under the EIS bill, employers and employees will contribute 0.2 per and the contribution rate of 0.2 per cent is a small and fair amount for this  2 Aug 2017 EIS contribution rates are a fixed amount based on the employees' monthly salary. The highest insurable salary is capped at RM4,000 a month. 24 Oct 2017 The government has re-tabled the Employment Insurance Scheme (EIS) Bill 2017 after lowering its proposed monthly contribution rate for  25 Oct 2017 The government has proposed to reduce the contribution rates stipulated for private sector employers and employees via the revised EIS.

25 Oct 2017 The government has proposed to reduce the contribution rates stipulated for private sector employers and employees via the revised EIS.

Employer contributions and pension contributions. For employees and apprentices, the employer pays half of the contribution rate. For retirees subject to statutory  30 Nov 2019 Monthly Contribution Rate (Third Schedule). The latest contribution rate for employees and employers effective January 2019 'salary/wage' can 

Employer contribution = RM5.90. Total contribution = RM11.80. It is noted that the contributions to EIS is capped at a monthly salary level of RM4,000. This simply means that if a person earns more than RM4,000 a month, the contribution is still fixed at RM7.90.

23 Dec 2018 Under EIS, the employer and employee each contribute 0.2% of the employee's salary. The rate of the EIS contribution and benefit entitlement  PCB Calculator, Payroll EPF, SOCSO, EIS and Tax Calculator. EPF statutory contribution rate for employees above age 60 who are liable to contribute will be   13 Aug 2019 The employee and employer's contribution are at the rate of 11 Employees need to make a 0.2 percent contribution of their salary to EIS. 13 Jun 2019 The government on Thursday announced reducing the total rate of contribution made by workers and employers towards the Employees' State 

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