Warhammer820 Posted June 17, 2011 Share Posted June 17, 2011 Does a teacher in Thailand, who is a foreigner, get any kind of benefits or retirement plan? If so, what kind of deal is it? Link to comment Share on other sites More sharing options...
Warhammer820 Posted June 17, 2011 Author Share Posted June 17, 2011 From working at schools in Thailand that is. I know that the Thai people who teach get retirement plans, but i am not sure about foreigners. Link to comment Share on other sites More sharing options...
Warhammer820 Posted June 18, 2011 Author Share Posted June 18, 2011 so, everyone works here but has no idea? Link to comment Share on other sites More sharing options...
TerryLH Posted June 19, 2011 Share Posted June 19, 2011 Are you in the Thai Social Security system through work? If you are, take a look at their website and you'll see all the things they offer, including retirement benefits. It's not a lot, but it does exist. A far better benefit offered is the health plan. Not everyone works here. (Not even all the employed ones.) Link to comment Share on other sites More sharing options...
Pib Posted June 21, 2011 Share Posted June 21, 2011 Guess it also depends on whether it's a government school or private school....and the contract they have with you. Link to comment Share on other sites More sharing options...
Time Traveller Posted June 21, 2011 Share Posted June 21, 2011 Pretty much every worker will pay into Social security and there is a benefit on retirement if you've contirbuted into it for a minimum time - something like 10 years or more. Otherwise, many companies offer Provident fund for employees who typically contribute 3% of salary each month to the fund and become eligible for employer contributions of the same amount after a certain qualifying period of continous work for the same employer, for example 5 yrs in my case. Both are pretty small and if you are counting on these to pay for your retirement then you'll probably decide to keep working! The best option are the RMF and LTF voluntary investment of up to a max. 15% of taxable income for each per year. This is especially beneficial for people in 30% income tax bracket or higher due to the tax deduction. Link to comment Share on other sites More sharing options...
TerryLH Posted June 22, 2011 Share Posted June 22, 2011 "Pretty much every worker will pay into Social security..." Not really. "...and there is a benefit on retirement if you've contirbuted into it for a minimum time - something like 10 years or more." 180 months. "Otherwise, many companies offer Provident fund for employees..." And some of those that do, don't provide it for foreign workers. I suppose that might depend on the type of company/work. Link to comment Share on other sites More sharing options...
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