Let employees give just 50 cents for EIS, says PSM
Parti Sosialis Malaysia (PSM) wants the monthly contribution rate to the Employment Insurance System (EIS) to be decreased to just 50 cents a month.
"PSM is of the opinion that this (the contribution rate) should be standardised at a lower rate for now. Although the Human Resource Ministry has proposed a 0.5 percent rate, this will prove to be too high, especially for low-income employees," the party said in a statement.
PSM workers’ bureau chief M Sivaranjani told Malaysiakini that a memorandum was handed over to Human Resource Minister Richard Riot Jaem today with a list of the party’s demands...