Minimum 60 months retirement benefits

By THE NATION

 

 

A NEW GUIDELINE approved by the Social Security Office yesterday has proposed a minimum of five years’, or 60 months, old-age benefits for members of the social security scheme.

 

If they die within five years of retirement the balance amount will be paid to his or her family.

 

The guaranteed minimum amount will rise sharply from just 10 times the monthly amount at present, once the ministerial regulation endorsing the new guideline takes effect.

 

“The SSO board has already approved the new guideline,” SSO secretary-general Dr Suradej Walee-ittikul disclosed yesterday. Members of the social security scheme are entitled to receive old-age benefits every month after retirement. The amount of financial benefit varies, depending on the monthly contributions each member makes to the social security fund during their working years and also the duration of the contributions. Presently, more than 120,000 elderly Thais claim old-age benefits from the social security scheme.

 

Suradej said the SSO board had resolved to increase the guaranteed minimum amount of old-age benefit to boost the morale of social-security members.

 

“If they die before they get 60 months of old-age benefits, the money shall be paid to their designated heirs,” Suradej said.

 

He said the SSO would soon prepare the proposed amendment to the ministerial regulation governing the old-age benefits.

 

He said retirees who are members of the social security scheme and their heirs can check their rights and benefits via SSO centre’s hotline 1506 round the clock

 

Source: http://www.nationmultimedia.com/detail/national/30344145

 

 

-- © Copyright The Nation 2018-04-28

7 minutes ago, rooster59 said:

A NEW GUIDELINE approved by the Social Security Office yesterday has proposed a minimum of five years’, or 60 months, old-age benefits for members of the social security scheme.

a maximum will be proposed

1 hour ago, YetAnother said:

a maximum will be proposed

i think its minimum, because if you die before the 5 years the family get the rest, that's in the op

and the questions are:

is it for everybody, also those who never contributed ?

as that is ruining the country in many western countries... illegals that get nationality (woehahaha, this will never happen overhere with there 90 day jail reporting & yearly beggings) and without working one day in their lives (many also fake their age older to get pension) getting more money each month, than let's say, my mom who worked 45 years full time and gets the minimum pension

16 minutes ago, dickjones2018 said:

is it for everybody, also those who never contributed ?

No.  

What's the retirement age in Thailand? 15?

16 hours ago, YetAnother said:

a maximum will be proposed

I know a 70 year old lady that worked untill she was 67 and gets only 600 baht a month.

That`s wonderful news, if you`re Thai, meanwhile for us old Farlangs on retirement extensions, the immigration rules are tightening year by year, we receive no concessions whatsoever, no reasonable medical insurance schemes, duel pricing private hospital medical services and entitled to nothing, including being penalised by our own countries for no longer considered as residents.

 

But still, I`ll sleep tight tonight after reading this news.

6 hours ago, AsiaHand said:

I know a 70 year old lady that worked untill she was 67 and gets only 600 baht a month.

70 usually gets 700 baht a month

But even those who never worked in regular type business gets that.

Farmers etc

 

They start @ 60 years old

60 - 600 baht

70- 700 baht

80- 800 baht

etc

My FIL was 93 before he passed & was getting 900 baht

 

Thai sites have claimed this year will be much larger nearly double (1200-1500 baht)

which still is not much compared to other countries but folks are excited

http://www.nationtv.tv/main/content/378542787/

 

Edited April 28, 20188 yr by meechai

Finally I'll get something in return for the 20 years I paid into the Thai social security scheme! I'm so looking forward to this, my retirement is saved!!

good for the poor and good for thailand, these money goes right where they are needed

All Thai people need to pay tax meaby it will be a better country in future better salary better pension