SOCSO Paid RM630 Million - Employment Insurance

The Social Security Organisation (SOCSO) has channeled financial assistance amounting to RM629.2 million through the Employment Insurance System (EIS) since March 18 last year until Nov 5 this year.

The financial assistance was for job search allowances amounting to RM588.5 million, reduced income allowances (RM6.9 million) and early re-employment allowances (RM33.8 million). The number of applications for the benefits from March 18, 2020 to Nov 5, 2021 was 148,926 and, out of that, 119,500 applications were approved. 

55,742 people lost their job since January to Nov 5 this year and a total of RM324.6 million had been approved for the payment of benefits to the individuals involved. Almost 90% of individuals who applied for jobs through the MYFutureJobs portal were able to get a job.