Jump to content

Thailand to Raise Social Security Wage Ceiling for Better Benefits


Recommended Posts

Posted

107017959-1645419933064-gettyimages-1235882096-_DSC3922-3.jpeg

File photo for reference only

 

The Thai Social Security Office plans to raise the wage ceiling for social security contributions. The ceiling will increase in stages, ultimately reaching 23,000 baht by January 2030. This aims to improve pensions and benefits for workers under Section 33, beginning in January 2026.

 

To set the new wage ranges, the Ministry of Labour’s SSO is holding a public consultation. People can share their opinions through an online questionnaire available on the SSO website from December 1 to 15, or at local social security offices across Thailand.

 

The current maximum wage for contributions is 15,000 baht, unchanged since 1995. The new proposal adjusts the maximum wage to reflect today's economic conditions. From January 2024 to December 2026, contributions will be calculated on wages between 1,650 baht and 17,500 baht per month. From January 2027 to December 2029, the maximum wage will be 20,000 baht, and from January 2030 onward, it will climb to 23,000 baht.

 

 

The change aims to boost benefits like unemployment, retirement, sickness, maternity, disability, and death allowances. Currently, a 15,000 baht wage ceiling means a maximum contribution of 750 baht per month, with benefits such as 7,500 baht monthly for illness and disability, and a 90,000 baht death allowance.

 

From 2026 to 2028, a 17,500 baht ceiling will require an 875 baht monthly contribution, raising benefits like illness compensation to 8,750 baht monthly. By 2029-2031, a 20,000 baht ceiling will increase contributions to 1,000 baht monthly, with benefits, including a 10,000 baht monthly illness compensation. From 2032, at the 23,000 baht ceiling, contributions will be 1,150 baht monthly, with benefits like an 11,500 baht monthly illness compensation.

 

These updates are designed to help workers cope with the rising cost of living and economic shifts.

 

news-logo-btm.jpg

-- 2024-12-04

 

news-footer-2.png

 

image.png

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 0

      Russian Espionage Plot Involving Pigs’ Blood and Deep Fakes Unveiled in UK Court

    2. 0

      UN to Lead Investigation into Sexual Misconduct Allegations Against ICC Prosecutor

    3. 0

      France Faces Unprecedented Crisis as Le Pen Targets Macron

    4. 0

      Diddy Faces New Allegations of Abuse Involving Balcony Incident

    5. 0

      Harry and Meghan Make Large Donation to Joe Biden daughter's Wellness Space

    6. 0

      Jeremy Corbyn Calls on UK to Act on Slavery Reparations in Jamaica Speech

    7. 0

      Oxford Debate on Israel Sparks Outrage with Hate Speech Breaching Legal Boundaries

    8. 0

      Elon Musk’s X Ordered to Pay George Galloway’s Legal Costs in Defamation Case

  • Popular in The Pub


×
×
  • Create New...