BANGKOK (NNT) – The government is encouraging freelance workers to join the national savings fund to improve their financial security, plus other benefits from accident insurance to a pension program.

The government is also planning to roll out additional job security packages for freelance and informal workers.

Deputy Government Spokesperson Rachada Dhanadirek asked people aged 15-16 years old to join the National Savings Fund (NSF) scheme which is open to people who are not full-time employees at a registered company.

This program covers students, merchants, farmers, taxi drivers, freelancers, and Social Security contributors under Article 40 of the Social Security Act.

Each NSF participant is required to contribute a minimum of 50 baht or a maximum of 13,200 baht, and the government is going to contribute up to 1,200 baht per year.

The contributed amount is tax-deductible, while contributors will receive a wide range of benefits from health and accident insurances, and a retirement plan, in addition to the Social Security pension.

With a mission to improve the livelihoods of some 19.6 million informal workers, Ms. Rachada said the Cabinet has approved in principle the draft informal worker’s welfare and protection bill. Once enacted, this bill will ensure access to basic occupational rights, job safety, social security, and the rights to unionize among informal and freelance workers.

Information and Source

Reporter : Tanakorn Sangiam

Rewriter : Thammarat Thadaphrom

National News Bureau : http://thainews.prd.go.th

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

An Introduction to Double Taxation Avoidance in Vietnam

Double taxation avoidance agreements (DTAAs) help businesses from being double-taxed on their income. This also applies to businesses, legal entities, and individuals. Vietnam currently has approximately 80 DTAAs signed.

Proposed Amendments to Thailand’s Public Limited Companies Act

The proposed amendments aim to improve the efficiency of and bring consistency to Thailand’s corporate system and procedures that were impacted by the pandemic, as borders were closed and logistics disrupted, leading to the loss in competitiveness for local businesses.

Vietnam Increases weekly Overtime Hours quota to 60 hours

Vietnam’s National Assembly passed a Resolution on March 23 to increase overtime working hours from the current 40 hours to 60 hours a month. However, the total number of overtime working hours cannot exceed 300 hours annually.