Let employees give just 50 cents for EIS, says PSM

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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...

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