Social security aid in Thailand
Image adapted from: Brandinside
For a lot of people in Thailand, the impact of COVID-19 is paramount as it’s affecting their jobs, and therefore their income.
While the government is handing out cash to non-registered workers who’ve been affected by the virus, the Thai Social Security Board is aiding people in the system by reducing the rate for both employee and employer contributions to its fund.
After a cabinet meeting on 24th March, it was announced that there would be a reduction from a 5% social security contribution to 1% for the current employees. As for the employers, their contribution would be reduced from 5% to 4%.
This new measure will be in use for 3 months, starting from March to May 2020
Help for registered workers who have lost jobs
Image credit: Siamrath
Registered workers who have lost their jobs because their employers are out of business due to the crisis are entitled to receiving 50% of their salary – with a ceiling of up to ฿15,000 per month – for a maximum of 180 days.
To folks who are dealing with financial difficulties right now, hang on tight. We will get through with this together.
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