with the Ministry's new regulation, the Office of Social
Security has officially informed us the new rate of
subscription money to be deducted from the employee's
salary which will be effective from the year 2004:
2004 onwards, the total deducted rate 5% from the employee's
salary plus another 5% from the employer will be remitted
to the Office of Social Security each month for the
coverage of the mentioned security benefits to the employee.
deducted rate of 1.5% will cover the four security
cases, i.e., sickness or injury, death, cripple,
deducted rate of 3% will cover the two security
cases, i.e., child support and old ages.
deducted rate of 0.5% will cover the unemployment.
Office of Human Resource Management
Nov. 26, 2003