Employment Insurance System Eis

Employment insurance system eis welcome to the employment insurance system eis homepage.

Employment insurance system eis. Please continue reading to see how we can assist you. If you are an eis contributor who recently lost your job you may be eligible to receive benefits. Aged 18 60 working in the private sector employed based on a contract of service important exception. It provides financial support for those who are between jobs allowing them some peace of mind while looking for their next source of employment.

On thursday malaysian prime minister datuk seri najib abdul razak announced that the employment insurance system eis will be introduced to help local workers in the private sector as reported by the star. Both the employment insurance system eis and the employees provident fund epf function similarly such that a portion of your wages goes into a pooled fund. The new scheme will benefit 6 5 million private sector employees and is set to be implemented on 1 january 2018. The contribution rate for employment insurance system eis is 0 2 for the employer and 0 2 for employee based on the employee s monthly salary.

Malaysian citizens permanent residents. Menara perkeso 281 jalan ampang 50538 kuala lumpur. Eis aims to provide employment insurance public employment services and labor market information lmi to the malaysian workforce. They are two separate entities.

Introduced in 2018 the employment insurance system eis is designed as a safety net for workers who have lost their jobs due to retrenchment or other similar circumstances. The contributions are being collected in a fund in order to provide financial assistance to retrenched employees. Workers aged 57 and above who have never paid contributions before that age are not covered by the eis act and are not required to. 03 4256 7798 sms.

The employment insurance system act covers all workers who are. It is a financial scheme aimed at helping employees who lost their jobs until they find new employment. The employment insurance system eis was established on 1st january 2018 to provide income replacement for insured persons ip who have lost their jobs. Besides contributing to epf you will also need to contribute a separate amount to eis.

However eis and epf are not the same thing. I c your complaint send to 15888. The employment insurance system eis was first implemented in january 2018 by perkeso.