Additional Economic Stimulus Package – PENJANA

Program Subsidi Upah (PSU)/ Wage Subsidy Program (WSP)

Below are the significant updates for the WSP/ PSU which announced on 5th June 2020:

1. When WSP start effective and when is the last application?

  • WSP start effective from 1 April 2020.
  • WSP cover for 6 months effective from 1st April 2020 or from the month applied.
  • Last day of application of WSP is 30 September 2020.

2. The current employer under WSP needs to reapply for PENJANA – WSP?

  • No need to reapply.

3. Important features of WSP:

Below highlighted in yellow colour is the updates of the WSP/ PSU:

Table 1

Size of Company Not more than 75 employees 76 – 200 employees More than 200 employees
Subsidy amount

(1st, 2nd and 3rd month)

RM1,200 per month

of each employee

RM800 per month

of each employee

RM600 per month

of each employee

Subsidy amount

(4th, 5th and 6th month)

RM600 per month

of each employee

RM600 per month

of each employee

RM600 per month

of each employee

Maximum number of employees that can be claimed 75 employees 200 employees 200 employees
Duration of subsidy 6 months 6 months 6 months
Requirement
Percentage of decline of revenue Not applicable Decline of 50% or more in the revenue or income by comparing total revenue with January 2020 and following months.
Registration of Employer
  1. Employer and employee need to register or contribution with PERKESO before 1 April 2020.
  2. Employer has registered with Suruhanjaya Syarikat Malaysia (SSM), Pihak Berkuasa Tempatan (PBT) or Pihak Berkuasa Perkhidmatan Profesional, Saintifik or Teknika before 1 January 2020.
  3. The Company/Employer has commenced operation before 1 January 2020.
Employee’s salary per month
  • RM4,000 and below
Other condition
  • Employer must retain employees under WSP. Employer can implement pay cut or reduction of working hours after discussion with the employee.
Effective date
  • From 1st April 2020 onwards
How to apply
  • Apply through prihatin.perkeso.gov.my from 9th April 2020
Deadline
  • 30 September 2020 or subject to the remaining funds allocated or any decision by the government

4. Can the employer apply for those employee who take unpaid leave under Employment Retention Program (ERP) for WSP?

  • ERP will be combined and grouped under WSP from 15 June 2020.
  • Employer under tourism and prohibited economy activity under PKPP can apply WSP for those employee under ERP.
  • Example for tourism industry: Hotel, Aviation, Tourism Agency and others.

5. The employer who withdraw from the WSP before 15 June 2020 qualify to reactivate the original WSP?

  • The employer who withdraws from the WSP Programme before 15 June 2020 qualify to reactivate previous application through email: aduansip@perkeso.gov.my

6. If the employer apply the WSP on June, will the wage subsidy be paid starting from April?

  • There will be no back payments. The approved employer will receive subsidy according to the amount in Table 1.

7. Does the employer need to submit new application for the subsequent month claim?

  • No need. For the subsequent month, employer only need to update changes on the employees listing and business status (if any) before 16th of that month. For normal, the wage subsidy will be automatically paid to the respective employer/company.
  • WSP for the next month will be paid based on the updated listing.
  • Inaccurate information or variance with information in Portal Assist will be further inquired by SOCSO.

Source from PERKESO Official Website (https://www.perkeso.gov.my/images/pengumuman/penjana/100620_faq_psu_ver3.pdf)

For more information, please click: FAQ_PSU_ver3

 

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Read more:

Key Highlights related to PENJANA/ National Economic Recovery Plan

Wage Subsidy Program (WSP) – Comparison between Employment Retention Program (ERP) and WSP (Latest updated: 18 April 2020)

 

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