PUTRAJAYA: The Social Security Organisation (Socso) will implement adjustments in the cost of living for existing recipients of scheduled benefits and an increase in the minimum pension rate under its Invalidity Scheme effective Jan 1, 2023.
Human Resources Minister Datuk Seri M. Saravanan (pic) said this initiative was implemented following the International Labour Organisation’s (ILO) 11th Actuarial Assessment Study, by taking into consideration the current social and economic conditions in Malaysia after the Covid-19 pandemic, the higher cost of living and the increase in inflation rate.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
