How many workers earn above RM5,000 currently?

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Approximately 1.45 Million Workers Earn Above RM5,000

Currently, there are approximately 1.45 million workers in Malaysia whose monthly salaries exceed RM5,000. This figure forms the basis for proposed legislative changes aimed at enhancing social security coverage for a significant portion of the workforce. The Human Resources Ministry is planning to table amendment bills to increase the insured salary ceiling under the Social Security Organisation (Perkeso).
Proposed Increase in Perkeso Salary Ceiling

The Human Resources Ministry intends to table amendments to the Employees’ Social Security Act and the Employment Insurance System Act. These amendments aim to raise the current insured salary ceiling from RM5,000 to RM6,000. This adjustment is projected to improve the social security protection and benefits available to workers under both legislative frameworks.
Rationale Behind the Proposed Amendments

The proposed increase in the salary ceiling is driven by the ministry's commitment to enhancing worker welfare, skills, and productivity, often referred to as the 3K focus. By raising the ceiling, the ministry seeks to extend more comprehensive Perkeso coverage to a larger segment of the employed population, ensuring better access to benefits in case of work-related injuries or other covered contingencies.
Workforce Demographics and Social Security

The current statistics indicate a substantial number of workers earning above the RM5,000 threshold, alongside approximately 8.38 million workers earning below this amount. The planned legislative action signifies an effort to adapt the social security system to evolving wage structures and to provide a more robust safety net for those contributing to the national economy.

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How many workers earn above RM5,000 currently?

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