Malaysia: Perkeso Enforces New Salary Ceiling for Contributions Effective October 1, 2024
The Social Security Organisation (Perkeso) will enforce a new salary ceiling for contribution purposes, raising it from RM5,000 to RM6,000, effective October 1, 2024. This enforcement follows amendments to the Workers’ Social Security Act 1969 (Act 4) and the Employment Insurance System Act 2017 (Act 800). The increase in the salary ceiling will provide enhanced […]