EIS Contributions

Modified on Fri, 22 Sep, 2023 at 12:30 PM

What is EIS?

The Employment Insurance System, (EIS) was implemented in January 2018 as a social security network aimed at helping workers who lost their jobs for financial assistance and seeking new jobs by PERKESO.

Related:

EIS Contribution Rate

All private sector employers need to pay monthly contributions for each employee.(Exempt from civil servants, domestic servants and self-employed).

The contribution rate for the Employment Insurance System (EIS) is from 0.2% of employer shares and 0.2% of the employee's share of the employee's monthly salary.

All employees aged 18 years to 60 years old must be nominated except for employees aged 57 years and above and no contribution has been paid before reaching 57 years.

Effective 1st September 2022, PERKESO will enforce a new wage ceiling for contributions from RM4,000 to RM5,000 per month. The contribution amount that apply to employees with salaries exceeding RM4,000 per month is stated in the Third Schedule, Act 4 and the Second Schedule, Act 800. For employees with salaries exceeding RM5,000 per month, the contribution amount is subject to the wage ceiling of RM5,000. Accordingly, the contribution payment for the month of September 2022 and the subsequent months shall be made by the employer according to the new wage ceiling.

How to Pay EIS

On 1 January 2018, PERKESO introduced PERKESO ASSIST Portal to facilitate employers to manage their registration, update records and contribution payments.

To use PERKESO ASSIST Portal, employers need to register to obtain the ID for the ASSIST Portal by filling in the form for PERKESO ASSIST Portal ID. Employers can download the form from PERKESO website and send it to the nearest PERKESO office.

PERKESO ASSIST Portal can be accessed by visiting www.perkeso.gov.my and login to ASSIST Portal.

Payment Options for EIS

Employers need to be registered and have an account with the appointed banks. Further details can be obtained by contacting the following banks:

Bil	Bank	Perkhidmatan
1	Maybank Berhad	Maybank2e.net
2	CIMB Bank Berhad	BizChannel
3	RHB Bank Berhad	RHB Reflex
4	Public Bank Berhad	PBeBank.com
5	Citibank Berhad	CitiConnect
6	Hong Leong Bank Berhad	ConnectFirst/Connect Biz
7	AmBank Malaysia Berhad	E-Ambiz
8	Alliance Bank Malaysia Berhad	BizSmart
9	Affin Bank	affinonline
10	HSBC Bank (M) Berhad	HSBCnet
11	Bank Islam Malaysia Berhad	e-Banker
12	Agro Bank	AGRONet
13	UOB Bank	UOB Business Internet Banking
14	Bank Muamalat Malaysia Berhad	Corporate Internet Banking (i-Biz)
15	Standard Chartered Malaysia	Straight2Bank
16	OCBC Bank	OCBC Velocity
17	Bank Rakyat

Bank counters (using ACR reference with contribution data submitted through PERKESO ASSIST Portal).

Banks appointed by PERKESO as collection agents for contribution payments are as follows:

i. Maybank Berhad

ii. RHB Bank Berhad

iii. Public Bank Berhad (starting 1 March 2018)

Counters at PERKESO offices (using ACR reference with contribution data submitted through PERKESO ASSIST Portal).

Payment of contributions must be made using cheque or money/postal order only.

Source: https://www.perkeso.gov.my/en/contribution-payment.html