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Friday, May 10, 2024

Cut eyed for worker SSF portion

Cut eyed for worker SSF portion

Move urged to ease plight of employees

The Labour Ministry will seek cabinet approval for a reduced contribution to the Social Security Fund by employees. (Bangkok Post file photo)

The Labour Ministry will seek cabinet approval for a reduced contribution to the Social Security Fund (SSF) by employees from 3% to 0.5% in February and March to ease the financial plight of employees affected by Covid-19.

Labour Minister Suchart Chomklin on Friday said the board of the Social Security Office (SSO) this week decided on a 0.5% reduction in contribution to the SSF by about 11 million employees insured under the Social Security Act (SSA).

Initially, the SSO Board had agreed to reduce contributions to the SSF by employers and…

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