Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Thailand. Social Security Board approves fairer pension calculation

The Social Security Board has approved an adjustment to the calculation of retirement pensions to ensure fairness among Section 33 and Section 39 insurers on Tuesday.

Marasri Jairangsee, secretary-general of the Social Security Office, stated that the three-hour discussion included representatives from employers, employees and the government.

“Labour Ministry permanent secretary Boonsong Thapchaiyut, who chaired the Social Security Board, has approved the adjustment to the pension calculation for Section 33 and 39 insurers,” she said.

She explained that the adjustment has been under review since 2020. Along with a wage ceiling adjustment, the revised pension calculation is expected to result in higher retirement benefits starting January 1, 2026.

Social Security Board member Sustarum Thammaboosadee described the adjustment, which bases pension calculations on lifetime salary, as a positive step for insurers. He noted that it would also allow employers to provide better welfare benefits.

The proposal will now enter a 90-day public hearing period. A representative of employers expressed optimism that the changes would encourage more people to participate in the social security system and urged insurers to take part in the hearing to ensure the policy meets their needs.

The approval comes after a network group, “We Fair,” gathered at the Social Security Office headquarters in Nonthaburi province to submit five key proposals to the Social Security Board. These proposals include:

  • Ensuring fair pension calculations that reflect the cost of living and increasing employer and government contributions.
  • Expanding social security access to self-employed individuals, platform workers, and informal sector workers.
  • Reforming the Social Security Office’s governance structure to ensure independence, transparency, and efficiency.
  • Adjusting social security benefits—including maternity, child welfare, disability, unemployment, retirement, and death—to reflect economic and labor market changes.
  • Enhancing healthcare benefits to align with National Health Security Office (NHSO) standards.

Nitirat Sapsomboon, founder of We Fair, emphasised that basic public health services should be unified under the NHSO system to promote social equality among workers.

 

 

Read more @nationthailand