Cabinet approves COVID unemployment relief Reduce social security contributions over the next 3 months.



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The Labor Ministry hopes the draft ministerial regulation will ease the suffering of insurers in areas at risk of closure, such as Samut Sakhon, Samut Prakan, Bangkok, Nonthaburi, Nakhon Pathom, Ratchaburi and Samut Songkhram. Insurers are expected to receive 5.7 million claims, or 5.225 million baht, to ensure that if the temporary closure of COVID-19 the government was willing to pay the Social Security Fund for the remedy.

Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister's Office
Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister’s Office

The second topic: Draft Ministerial Regulation on the contribution rate to the Social Security Fund Reducing the payment of contributions to alleviate the burden of expenses for both operators and insurers. It will come into effect from January 1 onwards through March 2021, requiring governments, employers and insurers under Section 33 to issue contributions to the compensation fund as follows:

In case of danger, disability, death and childbirth.

  • The government pays the contribution rate 1.05% from 1.5%.
  • The employer pays contributions of 1.05% of 1.5%.
  • The insurer pays contributions 1.05% from 1.5%.

In the case of child welfare and old age

  • The government pays the 1.45% contribution rate of the original 1%.
  • The employer pays contributions of 1.85% from the previous 3%.
  • The insurer pays the contributions 1.85% of the original 3%.

Unemployment

  • The government pays the same contribution rate, 0.25%.
  • The employer pays contributions 0.1% from 0.5%.
  • The insured pays contributions 0.1% from 0.5%.

Ms. Ratchada also emphasized that it will greatly reduce the burden. Processing total expenses in the event of reducing the contribution rate for the period January to March 2021 will result in the insurer paying the contributions decreased by the total of 8,248 million baht from the original 12,634 million. Baht, while employers pay a decrease of 7.142 million baht from 11.118 million baht, and will benefit insurers, allowing this part of the money to be spent to help improve their fluidity approximately 460-900 baht per person and employers They have more fluidity, but this will affect the insured’s pension savings. Which will decrease by approximately 1,035 baht and affect the status of the Social Security Fund. And the division and the government will have long-term plans for the future.

Issue 3: Draft Ministerial Regulation on Child Welfare Compensation The government has found that families with young children will suffer from problems and be affected by economic conditions. Because expenses have increased, some families may have to take a break or leave work while expenses stay the same or increase. To ease the burden Social Security Committee Submitted to the Ministry of Labor and proposed to cabinet for approval to increase compensation benefits that cabinet already approved today.

1. Increased the rate of payment of compensation for the welfare of children in the package from 600 baht / month / 1 child to 800 baht / month / 1 child.
2. Established to be effective from January 1, 2021 onwards.

However, any person is entitled to receive compensation benefits in the case of child welfare in accordance with the Ministerial Regulations. Also eligible for a contract as of the effective date of these Ministerial Regulations.

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