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.

Employers who fail to register and pay Socso contributions for their workers can be fined up to RM5,000 and face legal action. Azman said 15,922 compounds totalling RM11.9 million were issued to ...

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.