Why your payslip deduction is essential social protection, collective investment

AI Summary

In Malaysia, the Social Security Organisation (Perkeso) contributions are highlighted as essential for social protection and collective investment, despite commonly being viewed as payroll deductions. This article explains the benefits and importance of such contributions for workers.

PETALING JAYA (March 26): For many Malaysian workers, the Social Security Organisation (Perkeso) contribution appears as just another deduction on their payslip, reducing their take-home pay. For a worker earning the minimum wage of RM1,700, the employee contributes RM8.50 per month (0.5 per cent of wages) to Perkeso, plus RM3.40 (0.2 per cent) to the [...] The post Why your payslip deduction is essential social protection, collective investment appeared first on Borneo Post Online.