Socso, an agency under the Ministry of Human Resources, provides social security protection to Malaysian employees who, through small monthly contributions, are entitled to benefits such as accident ...

KUALA LUMPUR: The Social Security Organisation (Socso) is carrying out a review of member contributions as it is paying out more under its pension schemes, compared with its monthly collections.

As of 31 December 2020, a total of 487,706 active employers registered under Act 4 with 8.57mn employees now have SOCSO protection. SOCSO has also expanded the scope of coverage of Act 4 to foreign ...

Failure to make contributions can result in a fine of up to RM10,000, or up to two years' imprisonment or both.