What is the salary ceiling for Socso contributions and benefits?

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The Salary Ceiling for Socso Contributions and Benefits is RM4,000

The Employees’ Social Security (Amendment) Bill 2015 proposes to extend social security protection to all employees, irrespective of their salary amounts, with a stipulated ceiling for contributions and benefits set at RM4,000. This amendment aims to enhance the capacity of the Social Security Organisation (Socso) and broaden its coverage.
Extended Coverage for All Employees

The amendments introduced to the Employees’ Social Security Act aim to ensure that all employees are insured. While the coverage is universal, it is subject to a maximum limit for both the contributions made and the benefits received, which is set at RM4,000. This measure is part of a broader effort to improve the protection offered by Socso.
Increased Socso Coverage

These proposed changes are anticipated to directly benefit an additional half a million employees, increasing the total number of individuals covered by Socso from six million to 6.5 million once the amendments are enacted. This expansion underscores the government's commitment to employee welfare.
Addressing Workplace Accidents

In 2014, there were 63,331 workplace accidents, resulting in 933 deaths. The following year saw a slight decrease in accidents to 62,463, but an increase in fatalities to 1,000. The bill acknowledges the worrying trend of road accidents involving workers commuting to and from work, highlighting the need for extended social protection in these instances.
Amendments to the Investment Panel

The bill also includes a provision to remove the representative from Bank Negara Malaysia from the Socso Investment Panel. This change is intended to prevent potential conflicts of interest when Socso engages in matters that fall under the purview of Bank Negara.

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What is the salary ceiling for Socso contributions and benefits?

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