The Social Security Organization, better known as SOCSO, also goes by another name, which is Pertubuhan Keselamatan Sosial (PERKESO). SOCSO is a Malaysian based government agency that was founded and tasked with the responsibility of providing social security protections to Malaysian employees under the private sector.
Companies are required to make their SOCSO payments to the SOCSO offices no later than the last day of the following month.
SOCSO payments are handled by employers, and there are 3 main ways that they can go about making their contributions and payments each month. The methods of payment include:
The locations listed above serve as collection agents, so employers are encouraged to keep a copy of proof of contributions for their own records in the event they may need it again in the future.
Employers would need to open an account with any of the banks listed above, and register this SOCSO payment service by contacting the branch where the bank account was opened. Employers will then have to submit a completed application form, along with the name of the employee, and the SOCSO contribution data required.
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