SSF changes ‘could hurt members’
Allowing them to leverage contributions for loans ‘unfair’
A leading Thai economics professor has strongly opposed a plan seeking to allow subscribers of the Social Security Fund (SSF) to withdraw lump sums from the pension scheme or use it as loan collateral.
The proposal is part of a series of draft amendments to the Social Security Act aimed at alleviating the financial hardship of SSF members.
Worawet Suwanrada, an economics professor at Chulalongkorn University, said the proposed change does not reflect the objective of the pension scheme…
