Social Security Fund rates cut to 2% from September to November

Lower rates apply to both employees and employers from September to November.

According to the Bangkok Post, the cabinet has approved cuts to contributions to the Social Security Fund to 2% from 5% of employees’ base salaries from this month to November.
Based on the new rate, an SSF member will now chip in up to 450 baht a month from 750 baht previously during the three-month period. 
On Tuesday 1st Sep, Ratchada Thanadirek, deputy spokeswoman to the Prime Minister’s Office, said the cuts, applied to contributions made by both employers and employees, should help both sides while boosting circulation and improving the post-Covid-19 economy.

Check full article: https://www.bangkokpost.com/thailand/general/1978159/social-security-fund-rates-cut-to-2-

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