Malaysia legislation
Section 106
Section 106
Without prejudice to section 59I, when substantial changes in the general level of earnings result from substantial changes in the cost of living, the Board shall examine the situation on the basis of an actuarial valuation made under section 82 and shall make recommendations to the Minister to adjust the Scheme of Social Insurance in order to maintain the real value of certain cash benefits. The recommendations of the Board, which shall be accompanied by the actuarial report and shall take account of Government social policy, may include—
(a)
proposals for a new scale of wage classes and of contributions;
(b)
proposals for changes in the rates of specified cash benefits including the rates of pensions already in payment; and
(c)
extension of benefits.
Rates of benefit