RM600 assistance per worker under PSU 4.0

File photo for illustration purposes

By Adrian Lim and Nur Ashikin Louis

KUCHING, June 28: The federal government will continue to support the salary of approximately 500 workers per employer through the Wage Subsidy Scheme (PSU 4.0) with assistance of RM600 per worker for four months.

Prime Minister Tan Sri Muhyiddin Yassin said the scheme with an allocation of RM3.8 billion is expected to benefit more than 2.5 million workers.

“Through the PSU 4.0 initiative, the government will accommodate up to 500 employees per employer at a rate of RM600 per employee for a period of four months, which is two months for all sectors in the second phase of National Recovery Plan (PPN), and the next two months specifically for sectors categorised in the negative list during the third phase period later,” he said when announcing the People’s Protection and Economic Recovery Package (Pemulih) in a live telecast today.

He also said that under the PSU 4.0, there is no more salary limit requirements as compared to salary limit below RM4,000 under the previous PSU.

“This means, employers can apply for PSU 4.0 for their employees who earn more than RM4,000,” he added.

He further mentioned that HRD Corp levy exemption for a period of two months will be given automatically to employers who are unable to operate during the Movement Control Order (MCO).

In addition, employers from the new sectors covered as a result of the extension of the Human Resources Corporation Berhad Act 2001 will be given an extension of levy exemption until Dec 31, 2021. This initiative is estimated to be worth RM425 million.

Meanwhile, under the extended PenjanaKerjaya 3.0 by Social Security Organisation (Socso), there will be a decrease in salary eligibility limit from RM1,500 to RM1,200 for the Malaysianisation programme in efforts to motivate employers to replace foreign workers with local workers.

Additionally, the employment contract period will also be relaxed from 12 months to six months for employees aged 50 and above, the disabled and former prisoners. — DayakDaily