PERKESO TO ENFORCE SIP ACT AMENDMENTS ONLY AFTER TWO-YEAR MORATORIUM

KUALA LUMPUR, Dec 4 (Bernama) -- The Social Security Organisation (PERKESO) has assured that it will implement a moratorium of up to two years before enforcing amendments to the Employment Insurance System (SIP) Act involving the obligation for employers to report job vacancies or the creation of new positions.

Clarifying misconceptions regarding the amendment to Section 45F of the SIP (Amendment) Bill 2025, PERKESO, in a statement, said the moratorium was to ensure a smooth transition and avoid burdening employers, especially for small and medium enterprises (SMEs) to adapt to the requirement.

“Detailed implementation will only begin after receiving feedback from employer representatives and stakeholders through engagement (town hall) sessions, particularly with SMEs.

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“During this period, the focus will be on education, engagement, and phased, voluntary compliance, not penalties. The process of reporting job vacancies is simple, straightforward and fully online via the MYFutureJobs portal.

“Once a position is filled, the information can be detected automatically through the registration of new employees and employer contributions via PERKESO’s online portal, thereby reducing employers’ administrative burden,” it said.

Comprehensive engagement sessions with employer groups, industry associations and human resource practitioners are expected to be held after the Senate session, which ends on Dec 18, to explain the implementation mechanism and obtain industry feedback.

PERKESO said that the amendment was not intended to be punitive, but to improve the national employment ecosystem by providing Malaysians with access to information on job opportunities, enabling jobseekers to view available openings transparently and systematically.

The amendment is also expected to help employers match jobs with suitable talents, thereby increasing productivity and reducing hiring costs.

“It will provide an accurate, up-to-date and organised picture of the country’s labour market, enabling the government to formulate employment policies and skills training based on real data.

“These objectives are fundamental to ensuring that the labour market becomes more dynamic, responsive and sustainable. PERKESO remains committed to ensuring that the implementation of these amendments is fair, balanced and supportive of the country’s economic and labour market development,” the statement said.

On Tuesday, the Dewan Rakyat passed the SIP (Amendment) Bill 2025, which aims to enhance benefits for PERKESO contributors who lose their jobs and strengthen governance for the implementation of the employment insurance scheme, among others.

-- BERNAMA