SOCSO funneled RM 629.2 million through the EI system, said Dewan Rakyat

KUALA LUMPUR (December 14): The Social Security Organization (SOCSO) has channeled financial assistance in the amount of Ringgit 629.2 million through the Employment Insurance System (EIS) since March 18 of l last year until November 5 of this year.

Deputy Human Resources Minister Datuk Awang Hashim said the financial assistance was for job search allowances amounting to RM 588.5 million, reduced income allowance (RM6.9 million RM) and early re-employment allowances (RM 33.8 million).

“Based on EIS statistics, the number of claims from March 18, 2020 to November 5, 2021 was 148,926 and, of that number, 119,500 claims were approved,” he said in response to a question from Su Keong Siong (Pakatan Harapan-Kampar) during the question-and-answer session at Dewan Rakyat, Tuesday, December 14.

Su wanted to know the number of complaints and the amount of payments made by SOCSO under the EIS.

According to Awang, 55,742 people lost their jobs from January until November 5 of this year and a total of RM324.6 million has been approved for the payment of compensation to those affected.

Meanwhile, he said that nearly 90% of people who applied for jobs through the MYFutureJobs portal were able to secure jobs.

When asked by Charles Anthony Santiago (Pakatan Harapan-Klang) about the government’s plan to increase the minimum wage to RM 1,500, Awang said that the National Wage Advisory Council has implemented the revision of the ordinance on minimum wages 2020.

He said that the National Wages Technical Advisory Committee had held consultations and engagement sessions with representatives of employers, employers ‘organizations, workers’ representatives, unions and the public to seek comments on the issue. ‘impact of the implementation of the minimum wage on the socio-economy of the country.

“The review process also took into account socio-economic indicators such as poverty line income, median wages (ability of employers to pay wages), unemployment rate, labor productivity and variations of the consumer price index which reflect the cost of living.

“These socio-economic indicators reflect the current labor market,” he added.

He said the government was concerned about the impact of the increase in the minimum wage rate on micro, small and medium enterprises.

“Therefore, the increase in the minimum wage should be implemented in stages so as not to put pressure and burdens on employers as well as affect the operations of the company and expose employees to the risk of lose their jobs, ”he added.

He said the National Salary Advisory Council, which met on December 9, is preparing a document for submission to Cabinet.

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