The cabinet has approved reductions in monthly social security contributions for both employers and employees as part of measures totalling 70 billion baht to help ease the impact of rising fuel prices.
From May until July, monthly Social Security Fund (SSF) contributions for salaried employees (Section 33 of the Social Security Act) will be reduced from 5% to 1% and former employees (Section 39) who continue to contribute to the SSF after leaving their jobs will see their payments lowered from 9% to 1.9% over the same period.
