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.
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