Employee Benefits in Malaysia 2018

Market: Financial Services

Malaysia, 44 pages report, published by GlobalData

Report ThumbnailSeptember-2018
Employee Benefits in Malaysia 2018

Summary

The Malaysian Social Security System is based on two pillars: the Employees Provident Fund and the Social Insurance System. Pensions in Malaysia are covered by the Employees Provident Fund, which acts as a fundamental support to the Malaysian pension system and deals with the provision of extensive social security functions. The social insurance system is administered by the Social Security Organization (SOCSO), and provides financial assistance to in

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  • List of Figures
  • Figure 1: Malaysia- Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Malaysia - Country Statistics
  • Table 3: Malaysia - Public Holidays
  • Table 4: Malaysia - Observance Holidays
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN MALAYSIA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Pensionable Salary
  • 6.1.6 Benefits
  • 6.1.7 Payment Options
  • 6.1.8 Typical Employer Practice
  • 6.1.9 Employee and employer contributions
  • 6.1.10 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduc
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