KUALA LUMPUR: The Human Resources Ministry has withdrawn the Employment Insurance System (EIS) Bill 2017 for the second time on Monday (Oct 23).
The announcement was made by Deputy Finance Minister Datuk Othman Aziz before the start of the Question and Answer session in Dewan Rakyat.
However, Human Resources Minister Datuk Seri Richard Riot said that a fresh EIS Bill is expected to be tabled on Tuesday (Oct 24).
“The Government is committed to implementing the Employment Insurance System in January 2018,” he said in a statement.
The bill would see the creation of an insurance scheme for retrenched workers while increasing their re-employability.
Employers, however, felt that the required contribution under the bill was not proportionate to the number of retrenched workers.
Othman also announced the withdrawal of the Stamp Duty (Amendment) Bill 2017.
Source : http://www.thestar.com.my/news/nation/2017/10/23/fresh-bill-on-employment-insurance-scheme