Everything You Need to Know about SOCSO Benefits

If you are a working adult in Malaysia, chances are you will get a small wage discount every month for SOSSO. Most of us pay this amount but do not really know what it is for or what we can benefit from it.

The Social Security Agency, better known as SOCSOO or Parkeso is a company established under the Ministry of Human Resources.

SOCSO contributions chart are made by both employees and employers when an individual is employed to provide social protection to employees in the event of workplace injuries, emergencies, occupational diseases, and deaths.

However, many SOCSO contributors have not learned the real benefits that this scheme offers. Learn the benefits here:

Employment Injury Plan

The Employment Injury Scheme protects employees from accidents and occupational diseases during work hours.

Benefits of this job injury scheme:

• Treatment facilities
• The benefit of temporary disability
• The benefits of permanent disability
• Continuous attendance allowance
• Rehabilitation facilities
• Go back to the program
• Dependent benefits
• Funeral benefits
• The benefits of education

Depreciation Pension Scheme

The Invalidity Pension Scheme refers to coverage against uninsured illness that prohibits employees from performing daily tasks and earning a living. These include terminal disease, stroke and more.

The benefits are:

• Depreciation pension
• Depreciation grant
• Survival pension
• Funeral benefits
• Facilities for physical rehabilitation and dialysis
• The benefits of education

In addition to the benefits described above, SOCSO contributors should be aware of these other important information:

SOCSO also offers free medical treatment checkups for eligible contributors.

Employees who have stopped contributing to SOCSO may be covered if they meet certain conditions.

Under the surviving, pension scheme, dependent family members of the deceased employee can apply to transfer their pension.

Under the Employment Insurance Scheme (EIS), RM600 cash allowance will be provided for unemployed Malaysians every month. These include those affected by the Voluntary Separation Project (VSS) and the Mutual Separation Project (MSS).