Social Security Fund seeks to increase rates

The Social Security Fund (SSF) is preparing to propose the fund’s board of directors increase the fund’s contribution rates in preparation for members’ long-term compensation as the population ages.

SSF secretary-general Ananchai Utaipatanacheep said the current contribution rates are insufficient to compensate all members over the long term as Thailand becomes an aged society.

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Nuntawun Polkuamdee