Increase in Salary Ceiling for Perkeso Contributions
Salary ceiling for Perkeso contributions revised to RM6,000 from today ๐
Salary Ceiling Increase Announcement
The salary ceiling for contributions to Perkeso has been increased from RM5,000 to RM6,000, effective immediately. This change will benefit employees earning above RM5,000, potentially raising benefit payments by up to 20.2%. Approximately 1.5 million workers, both local and foreign, will be impacted by this adjustment. Employers are required to update contribution payments starting October 1, 2024, and ensure these changes are recorded in payrolls for Perkeso inspections. The benefits provided cover various Social Security and employment insurance allowances.
What is the new salary ceiling for Perkeso contributions?
The new salary ceiling for Perkeso contributions is RM6,000.
When do employers need to implement the new contribution payments?
Employers must start implementing the new contribution payments on October 1, 2024.
How many workers will be affected by this change?
Approximately 1.5 million workers, including both locals and foreigners, will be affected.