Urgent.News

What's breaking now, across thousands of outlets.

Business

Perkeso boosts benefits for more than 7mil contributors

KUALA LUMPUR: More than seven million Social Security Organisation (Perkeso) contributors stand to benefit from enhanced Employment Insurance System (EIS) benefits that take effect today.

Perkeso boosts benefits for more than 7mil contributors

More than seven million Social Security Organisation (Perkeso) contributors will receive enhanced Employment Insurance System (EIS) benefits starting today. The changes, brought about by amendments to the Employment Insurance System Act 2017, aim to support workers returning to employment and strengthen social protection amid shifting labor market conditions.

Key improvements include an increase in the Early Re-Employment Allowance to 50% of the remaining Job Search Allowance, up from 25% previously. The maximum training fee has been raised to RM7,000, while the daily training allowance has been increased to RM30. Additionally, a new RM1,000 mobility assistance allowance will be granted to contributors who lose their jobs and secure new employment more than 100km away.

To facilitate the transition, Perkeso will offer job-matching services through the national employment portal MYFutureJobs, as well as career counseling, reskilling and upskilling programs. The amendments, which received royal assent on August 30, were gazetted on September 15.

Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nst.com.my →

More in Business

More from Thursday 1 October →