Pheu Thai plans overhaul of the SSFThe Pheu Thai Party has unveiled a sweeping plan to amend the Social Security Act, promising a structural overhaul of the Social Security Fund (SSF), including a shake-up of its management board, expanded benefits and greater rights for insured workers. Pheu Thai said these issues pose a long-term risk to the future of labour, not merely a technical flaw in the system. Insured members would directly elect seven board members, and the board chair would be chosen by the board rather than automatically filled by a civil servant. Meanwhile, the Social Security Office (SSO) stressed the fund's stability and announced improved returns for insured members receiving old-age lump-sum benefits. SSO secretary-general Kanchana Poolkaew said insured workers under Sections 33 and 39 will receive an annual return of 2.97%, while members under Section 40, options 2 and 3, will receive 3.58%.

Source: Bangkok Post April 05, 2026 00:13 UTC