Laid-off workers to receive RM600 EIS allowance from 2018

Starting next year, laid-off workers will qualify for an interim benefit in the form of cash allowance of RM600 per month for a maximum of three months under the Employment Insurance System (EIS).

Social Security Organisation (Socso) chief executive officer Mohammed Azman Aziz Mohammed said the government had allocated RM122 million to Socso to implement the EIS.

He said 57,282 individuals were expected to claim the benefit involving more than RM103 million next year.

“Through the EIS programme, those who take up voluntary separation schemes (VSS) are also eligible for the benefit,” he told a media conference here, today.

Regarding this, Socso would be conducting roadshows for a month in 17 locations nationwide from tomorrow to provide an understanding of the coverage, registration, contribution, administration and enforcement of EIS to employers, employees and workers unions in the country, he said.

Earlier, Human Resources Ministry secretary-general Mohd Gazali Abas said the ministry targeted that RM470 million will be contributed by the 6.4 million private sector workers through the EIS programme.

EIS will be implemented in January as a social safety net aimed at helping private sector workers who lose their jobs to get financial assistance and find new jobs.

On Oct 25, the Dewan Rakyat passed the EIS Bill 2017 and the Bill will be tabled at the current sitting of the Dewan Negara for final approval.

Under the EIS scheme, the contribution from employers will be 0.2 percent of an employee’s monthly salary and likewise from the employee.

- Bernama