The amount is allocated to 328,056 people under the occupational hazard scheme between 2011 and 2014
By SHAHEERA AZNAM SHAH / Pic By MUHD AMIN NAHARUL
The Ministry of Human Resource through the Social Security Organisation (Socso) is expected to distribute more than RM300 million to beneficiaries under the occupational hazard scheme until the end of 2018.
Human Resource Minister Datuk Seri Richard Riot Jaem (picture) said the amount is allocated to 328,056 people under the occupational hazard scheme between 2011 and 2014.
“Out of the amount, RM72.62 million has to be distributed to the beneficiaries until year-end,” he said in Kuala Lumpur yesterday.
He said the government has also approved a new rate which was effective since Sept 1, this year.
“The adjustment to the current rate was precisely calculated according to the 10th Actuarial Assessment Report and the government has approved to adjust the rate once again.
“The new rate was adjusted in line with the rising cost of living,” Riot Jaem said.
The rate adjustment is applicable to beneficiaries who have been receiving periodic payments, which include the coverage on permanent impairment.
He said rate adjustments would be made every three to five years.
“We had last adjusted the rate in 2012 which covered the beneficiaries who received the payment up until 2010.
“The adjustment will be made once every three to five years to ensure the benefits the beneficiaries get is on par with the current living cost.
Based on Socso’s statistics, the number of industrial accidents had declined from 35,898 cases in 2013 to 35,258 in 2015.
However, the same data showed an increase in com- muting accidents which had risen from 27,659 cases in 2013 to 28,579 in 2015.
Presently, Socso covers up to 6.8 million workers, an increase from 6.5 million recorded on Dec 31, 2016.
He said since Socso was established in 1971, the government has not increased the rate of contributions.
“During the tabling of employment insurance scheme recently, there were suggestions on increasing the contributions rates, and the scheme was finalised at 0.2% and 0.4% of the amount which have to be paid by employees and employers respectively,” he said.