Socso Proposes Increase Contributions

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KUALA LUMPUR - The Social Security Organisation (Socso) to pay compensation amounting to RM2 billion to the employees last year, said Human Resources MinisterDatuk Dr. S. Subramaniam.

According to him, including the RM950 million compensation for the disability pension(disability) and survivors' pension (death) and RM500 million paid for the other casesrelated to accidents at work.


He said one reason for last year's compensation is a factor that workers receivelifetime pensions for accidents up to 70 and 75 years.


"Socso had to pay compensation to employees who receive a pension of an accident intheir lifetime and it is among the factors contributing to the total contributions Socsolow last year.


"So we are doing studies to increase the amount of contributions The Social Security Organisation (Socso) to offset the amount of compensation to employees," he said.


He was speaking at the Opening Conference and Exhibition on Occupational Safety and Health (COSH 2011) here today.

Elaborating, Dr Subramaniam said among the proposals raise contributions fromemployers and employees is to add additional services in the next year.

He added that the total jcaruman Socso imposed on employers and employees in the country is still low compared to workers in developed countries accounted for between20 to 30 percent of monthly income.

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