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Employment Insurance System Bill Tabled
Last update: 01/08/2017

KUALA LUMPUR, Aug 1 (Bernama) --†The Employment Insurance System Bill†2017 which provides certain benefits such as employment search allowances and reduced earnings allowances to†insured persons who have lost their jobs, was tabled for the first reading in the Dewan Rakyat†today.

The Bill, presented by Human Resource†Minister Datuk Seri Richard Riot, among others, provides guidelines to assist in the re-employment of an individual as well as the payment of benefits to dependents in the event that an insured employee dies, falls into a coma or is of unsound mind.

It also provides for the establishment of the 'Employment Insurance Fund'†to operate and administer insurance contributions collected from both employers and employees.

When the bill is approved and enforced it is expected to†promote active labour market policies.



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US 3.9120/9150
S'pore 2.9735/9770
100 Yen 3.7028/7074
Sterling 5.5312/5370
Euro 4.8243/8299
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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