Bangkok Post
Social security reforms target the ageing domestic workforce
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The cabinet has approved a draft amendment to the Social Security Act, proposing to raise the maximum age for insured persons from 60 to 65 years to accommodate Thailand's ageing population.
Key facts
- The cabinet has approved a draft amendment to the Social Security Act, proposing to raise the maximum age for insured persons from 60 to 65 years to accommodate Thailand's ageing population.
- Such withdrawals or collateral arrangements are limited to 30% of accumulated old-age benefits and no more than twice the maximum wage base.
- According to deputy government spokeswoman Patdarasm Thongsaluaykorn, the mobile cabinet on Tuesday approved a draft amendment to the Social Security Act, proposed by the Labour Ministry, to modernise the law, address the needs of an
- The existing Social Security Act of 1990 has been in force for several years, and certain provisions are no longer appropriate or consistent with current conditions, she noted.
Summary
According to deputy government spokeswoman Patdarasm Thongsaluaykorn, the mobile cabinet on Tuesday approved a draft amendment to the Social Security Act, proposed by the Labour Ministry, to modernise the law, address the needs of an ageing society and provide more comprehensive protection for insured persons.
The existing Social Security Act of 1990 has been in force for several years, and certain provisions are no longer appropriate or consistent with current conditions, she noted.