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Sunday, February 07, 2010

WEDNESDAY-11/11/2009

1) Today work is learn to fill in the KWSP Form for the company. I have explained by
my boss, that every early of the month usually on the 14th of every month, my
company have to filled in the KWSP Form and PERKESO Form.My bost test my
knowledge on the meaning of the KWSP and PERKESO. He asks me to find the
meaning of the KWSP and PERKESO. EPF is means by Employees Provident Fund and
every workers are compulsory to register and subscribe their
salary to make the deduction in certain percentage from their every month salary.
From this, members are expected to benefit from a comprehensive plan which will
promote savings and enable members to have more funds to cover their basic
retirement needs. While PERKESO(Pertubuhan Keselamatan Sosial) or also known as
Social Security Organization is committed to ensure social security of all
working Malaysians. The principal employer must pay monthly contribution for each
eligible employee according to the rates specified under the Act.The amount to be
paid is based on the SOCSO Contribution Schedule.
Both the rates of contribution are based on the total monthly wage paid to the
employee.Contributions should be made from the fisrt month the employee is
employed. All remuneration payable in money to an employee is taken into account
as wages for the purposes of SOCSO contributions. These include the following
payments: salary, overtime payments, commission, payments for leave such as
annual, sick and maternity leave, rest day and public holidays. Other are
allowances such as incentive, good behaviour and cost of living(COLA) and lastly
service charge. Contributions can be paid through 3 methods which are:

i)remittance of payment through commercial banks' or employers who submit payments
using preprinted Monthly Contribution Schedule(Form8A). SOCSO appointed bank such
as: CIMB BANK BHD, MAYBANK BHD, RHB BANK BHD, PUBLIC BANK BHD, BANK MUAMALAT and
Pejabat POS MALAYSIA BHD (for Sabah and Sarawak only).
ii)payment via Internet Banking Employer must be registered and has an account at
any of the following banks: MAYBANK,CIMB,RHB and PUBLIC Bank Bhd.
iii)Payment at SOCSO's Office. SOCSO Office only accepts payment by cheque or
postal money order.

2) Lastly, of work that day is do the administration work. Learn on how tu use the
photostat machines and notes the important document that should be print for
reserve copy. Such as have to make the socso and epf copy after completed the
form.

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