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Socso Raises Pension Rates

Image Source: Free Malaysia Today

KUALA LUMPUR, Nov 9 (Bernama) — The Social Security Organisation (Socso) today announced an increase of its pension rates under the Employment Injury Scheme and Invalidity Scheme beginning Sept 1 this year.

Human Resources Minister Datuk Seri Richard Riot Jaem said Socso would pay the pension arrears adjustment starting from Dec 26 with an allocation of RM72.62 million, while next year’s adjustment was expected to involve RM238 million.

“A total of 328,056 recipients will receive the pension at a minimum rate of RM475.00,” he told a press conference here today.

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