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Govt cuts welfare fund payments due to Covid
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published : 2 Jan 2021 at 09:00
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The Social Security Office (SSO) is to reduce employers and employees contributions to the worker welfare fund.
SSO secretary-general Thossaphol Kritwongwiman said on Friday the ministry had decided to cut the contributions for three months, from January to March.
The temporary measure, which took effect on Friday, is intended to reduce people s financial hardship during the Covid-19 pandemic when many people have been thrown out of work or their incomes plunged into uncertainty.
The cost to the ministry will be 15 billion baht and means that employees will only have to pay 278 baht, down from 432 baht while the measure is in force.