Section 18
Contributions
of Employment Insurance System Act 2017
The 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.
(2)
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.
(3)
The Minister may revise the rates of contribution after taking into consideration the sustainability of the Fund.
(4)
Notwithstanding subsection (2), the Minister may, by order published in the Gazette and subject to such conditions, determine—
(a)
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
(b)
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.