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The Phnom Penh Post: Employers required to pay more into NSSF for workers - P4H Network

The Phnom Penh Post: Employers required to pay more into NSSF for workers

The Phnom Penh Post, 9 January 2018: “According to a prakas and a sub-decree released last year by the Ministry of Labour, as of January 1, 2018, all businesses hiring one or more employees are now required to pay 3.4 percent of each employee’s average salary each month – up to a maximum of about $8.50 – into the National Social Security Fund (NSSF). The money is intended to provide employees with injury insurance and health care. While officials and union leaders lauded the move as likely to expand health care coverage for workers, business insiders say that the new regulation is likely to stop some businesses from providing higher-quality private health insurance plans.” Read more

Reference
10 Jan 2018