Social Security benefits to be improved for informal sector

[webfact]

Social Security benefits to be improved for informal sector
By THE NATION

 

Labour Minister General Sirichai Distakul

 

BANGKOK: -- THE CABINET yesterday approved a series of laws to boost benefits for voluntarily insured persons under the Social Security Act’s Article 40.

 

Labour Minister General Sirichai Distakul said after the Cabinet meeting that a royal decree on the Social Security Office (SSO) insurance qualifications and a royal decree on the SSO contribution criteria and rates, and criteria and conditions for benefits, as well as a ministerial regulation on the rate of government contributions were approved. 

 

Voluntarily insured persons under the Social Security Act’s Article 40 will enjoy increased benefits, including:

 

 Bt300 per day of hospitalisation due to accident or sickness to compensate for a lack of income (up to 90 days per year).

 

 An additional Bt3,000 on top of the Bt40,000 death/funeral-assisting compensation if the voluntarily insured person has paid contributions to the SSO fund for more than six months.

 

 Bt200 per head per month in child support (for up to two children).

 

 Bt10,000 one-time old-age pension if the voluntarily insured person has paid contributions to the SSO fund for more than 180 months.

 

Being a voluntarily insured person under the Social Security Act’s Article 40 does not require a health check and can be used along with the universal healthcare scheme.

 

The country’s 21 million informal-sector workers can benefit from the changes. The Labour Ministry planned to cover 3 million such workers this year and the changes will require a Bt400-million budget if implemented. 

 

In the long term, a Bt3-billion budget is meant to cover the entire informal-sector workforce in line with the 20-year national strategy’s framework.

 

Source: http://www.nationmultimedia.com/news/national/30313356

 

-- © Copyright The Nation 2017-04-26

[aslimversgwm]

Welcome news for the poorest Thais and let's hope these benefits will continue to be enhanced. 

[maewang99]

surprising as it covers retirees too. going forward. what was the retiree benefit before?

and...  quite interesting as this particular demographic, this particular segment of workers, will increasingly be in the drivers seat.  for sure.  

can this at all be seen as part of that??? or is that a big stretch?

i.e Japan as the example. recent news of Japanese convenience store owners having to man their own stores 24/7... that the demographics is really turning there.... and will here too. as an example, but also a bit surprising anyways... just as this is.... but these benefits are not at all immediately spent nor accrued at all... but does reward the segment.

 

 

Edited April 26, 2017 by maewang99

[mok199]

quick ''order some more submarines'',before we spend it all on the poor the sick and the elderly...

[elgordo38]

12 hours ago, aslimversgwm said:

Welcome news for the poorest Thais and let's hope these benefits will continue to be enhanced. 

You cannot eat a submarine well yes you can at Mr. Sub.