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Social Security Organisation(SOCSO) - Coggle Diagram
Social Security Organisation(SOCSO)
Objective: To provides social security protection to all Insured Person and their dependents through social security schemes
Visson: To become The Premier, Dynamic and Outstanding Leader in Social Security
Misson: To increase awareness occupational safety and health that will ultimately improve the Insured Person's social wellbeing
Have 2 social security schemes
Employment Injury Schemes
Invalidity Schemes
Objectives: To guarantee cash payment and benefits in kinds to employees and their dependents in the even of a contingency
Employer and Employee Eligibility
Employer
Immediate employer
Principal employer
To register and contribute to SOCSO based on rates specified
Employees
Malaysian citizen
Permanent residents
All employees needs to be registered and covered by SOCSO
Contributions
Contributions of the Second Category
For employees reached 60 years of ages
Rate of contributions: 1.25% of employees's monthly wages
Covered under category of Employment Injury Schemes
Contributions of the First Category
For employees under 60 years of ages
Rate contributions: 1.75% of employer's share and 0.5% of employee's monthly wages
Covered under category of Employment Injury Schemes and Invalidity Schemes