Insurance scheme to help those who lose jobs


KUALA LUMPUR: The Employee Insurance Scheme (EIS) to give out financial aid to jobless Malaysians is expected to be implemented next year, says Deputy Human Resources Minister Ismail Muttalib.

He said the scheme would be run by the Social Security Organisation (Socso).

“The National Economic Council passed the scheme on Jan 9. It will be discussed by the cabinet as soon as possible.

“The law providing this is expected to be tabled this year for implementation in 2018,” Ismail said during the question-and-answer session in the Dewan Rakyat.

He said the scheme was expected to provide aid to laid-off workers who are looking for another job and who contribute to Socso.

Ismail was answering a question by Abdullah Sani Abdul Hamid (PKR -Kuala Langat).

Sani urged the ministry to implement the scheme as soon as possible as some of the poorer countries such as Vietnam had implemented the scheme several years ago.

Another backbencher, Jasin MP Ahmad Hamzah said the unemployment rate in the country was increasing with 512,000 jobless workers.

He added the number of under-employed workers was also on the rise with 500,000 people.

Ismail said the under-employed people quit jobs to get better jobs and the insurance scheme would also include them.