MALAYSIA: An estimated four million self-employed and gig workers will benefit from the government’s subsidy as it shoulders 80% of the insurance costs under the Social Security Organisation (Socso) in 2022.
Deputy Human Resources Minister Datuk Awang Hashim said, "The government has agreed to subsidise up to 80% of RM238 (USD 57) insurance cost for the gig workers under the scheme. This means that those under the scheme will only have to pay the remainder with some only having to pay about RM20 (USD5)."
At present, 70% of contributions to Socso's Self-Employed Social Security Scheme for registered self-employed or gig workers come from the government. They range from RM163 (USD39) to RM232.80 (USD55) each year.
Workers’ spouses and children will also benefit from the government’s insurance scheme.
"Spouses will continue to receive pension benefits for the rest of their lives while the education needs of their children will be covered till they reach age 18," Awang said.
Meanwhile, Awang mentioned he would consider the proposal to improve protection for delivery riders and their family members who are registered with delivery companies.
Earlier, Awang informed the House that since October 1, 2021, riders must register under the Socso protection scheme, with four coverage options costing between RM157.20 (USD37) and RM592.80 (USD141) for a year.