SOCSO Contribution

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asked on Aug 29, 2000 at 11:43
by   Jane
I am a lecturer at a local University and my salary is
more than RM 2,000/- per month.

I was told by a friend that I can opt NOT contribute to SOCSO as
I already have my own insurance which covers me 24 hours a day for some years down the road. Could someone please tell me if it is possible for me to stop contributing or direct me to the person I should approach ? Frankly speaking, I don't quite see the need for it.

Thank you very much for your time
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answered on Aug 29, 2000 at 14:35
by   Admin
A person employed under a contract of service  or apprenticeship is an employee under the Act. An employee earning a monthly wage of RM2,000 or less must compulsorily contribute to SOCSO.

For employee month wages exceeding RM2,000, there are two situations

1) Employees who have been previously registered and have contributed to SOCSO must  compulsorily continue to contribute even if the present wage exceeds RM2,000.00 per month. These employees will be protected in line with the principle of "once covered always covered" to preserve their rights accumulated under the Invalidity Pension Scheme.

2) Employees who receive a monthly wage exceeding RM2,000.00 and who have not previously registered or paid contributions to SOCSO are given an option to be covered under the Act. Both the employer and employee have to consent to the coverage, by filling the necessary form.

Hopes that answer your question.
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