Employment Insurance System Act 2017 · Updated to 1 Sep 2022 · Part IV · Registration and Contributions
18. Contributions
Feedback & supportThe contributions payable under this Act in respect of an employee shall comprise a contribution payable by the employer and a contribution payable by the employee.
contribution
“contribution” means the sum of money payable to the Organization by an employer in respect of an insured person and includes any amount payable by or on behalf of the insured person in accordance with this Act;
The contributions payable under this Act shall be paid to the
Organization at the rates as specified in the Second Schedule based on the amount of the monthly wages of the employee insured under this Act.
Organization
“Organization” has the meaning assigned to it in the Employees’ Social Security Act 1969; Employment Insurance System 13
The Minister may revise the rates of contribution after taking into consideration the sustainability of the Fund.
Minister
“Minister” means the Minister charged with the responsibility for human resources;
Notwithstanding subsection (2), the Minister may, by order published in the Gazette and subject to such conditions, determine—
the minimum rate of contribution to be paid by an employer in respect of an employee based on the amount of the monthly wages of the employee insured in accordance with the Second Schedule; and
the minimum rate of benefits to be provided by the
Organization based on the amount of the assumed monthly wages of the employee insured in accordance with the
Third Schedule.