Socso funds are meant to help injured or sick workers and their families in times of need. FMTNews Covid19 MCO Socso
Socso funds are meant to help injured or sick workers and their families in times of need.
By using Socso funds for mandatory Covid-19 screening of workers, this government is blatantly treating Socso as its cash cow to fund pro-employer policies.Azmin must justify his reason for exempting employers from contributing towards the Covid-19 screenings of their own workers. These are workers needed by employers to restart making profits and yet it is Socso which has to pick up the bill to make that happen. This is blatantly unfair and lopsided.
As things stand, the ones who will benefit the most at the expense of workers will be Socso-appointed private clinics and employers themselves. Funds meant for workers’ social protection and retirement savings should not be used to gain political mileage.
Socso funds are depleting. It was only some months back that Socso was forced to stop giving free dialysis treatment to certain contributors. Only after a public outcry did the Socso board restore the benefit.The previous government also allocated RM500 million of Socso funds to build a state-of-the-art rehabilitation centre in the constituency of the former human resources minister, a project that should be funded by government funds, if at all such a massive centre is needed.
Socso is also reeling from some bad investments amounting to billions of ringgit linked to the purchase of prime land and IT systems which have not yielded any returns for several years. MTUC raised this issue several times during Socso board meetings, calling for a probe into these deals which smack of bailing out prominent government-linked individuals. Workers’ money is being spent without any consideration of the fact that this fund is meant for workers’ social protection.
These extravagant and misguided investments have resulted in the depletion of Socso funds. The long-term welfare of workers is at risk of being compromised. The strain on Socso coffers will worsen if workers’ contributions are now used for the mandatory screenings of workers as proposed by the government.
Source : https://headtopics.com/…/why-use-socso-funds-to-pay-for-man…