Malaysia: Unemployment insurance to begin in 2018
towerswatson (10.01.2018) Parliament recently approved the Employment Insurance System (EIS) bill, establishing the country’s first unemployment allowance plan. The system was set to begin operations and the collection of employer and employee contributions on January 1, 2018, with payment of benefits from the fund to begin in January 2019. EIS will be administered by the Social Security Organization (SOCSO).