4. SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Kesel
amatan Sosial), was established to provide social security protections to all employees/workers in Malaysia. Every company is required to contribute SOCSO for its employees, whether they ar e full/part time, permanent or temporary, employment or contract. A company must remit the contribution sum to Perkeso Off ice before the end of the following month. Failing to submit the forms & remit the payment within the period will result in late interest (penalty) charged by Perkeso. Functions of SOCSO The functions of SOCSO (PERKESO) are as follows: Registration of employers and employees Collection of contribution from employers and employees Payment of benefits to workers and/or their dependents when tragedy strikes Provision of physical and vocational rehabilitation benefits promotion of awareness of occupational safety and health Who do not eligible for SOCSO? Those who are not eligible for SOCSO protections are stated below: Government servants Foreign employers Self-employed persons Sole proprietors & Partnership Domestic servants or spouse
This table lists and describes the delivered SOCSO deductions:
Element Name
Description
SOCSO SOCSO SOCSO SOCSO SOCSO SOCSO SOCSO SOCSO
EE payee contribution ER employer contribution EE RTO employee retro ER RTO employer ctr retro