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The Cabinet approved the rate of payment of contributions. Compensation benefits for funeral expenses AND allowance in case of death To the person insured under Section 40
On October 12, 2020, at the Government House, Ms. Trisulee Traisanakul, Deputy Spokesperson for the Prime Minister’s Office, stated that the Cabinet approved the principle of drafting a royal decree, establishing the criteria and rate of payment of contributions. Type of replacement benefit As well as the criteria and conditions of the right to receive compensation from the person requesting the insured
That the essence of this law This is to improve the rate of compensation for funeral expenses. And death benefit For people who are not employees But applied to be an insurer under Section 40 of the Social Security Act, BE2533
The new and improved compensation rates are as follows: For the insured who pays contributions to the fund 70 baht per month or 100 baht per month until death The original fee will receive 20,000 baht for the funeral, an increase to 25,000 baht and the original allowance from 3,000 baht, increasing to 8,000 baht for the insured person who pays contributions to the fund at 300 baht per month. The original fee will receive a funeral fee of 40,000 baht, a new fee of 50,000 baht.
The Ministry of Labor has estimated the income of the Social Security Fund for the collection of contributions from insured persons under Section 40, as of April 30, 2020, for a total of 3,353,939 insured collected contributions to the fund in 2019. It received 1,557 million baht and 779 million baht government contributions.
Compensation benefits are paid to deceased insurers in the amount of 200 million baht for funeral and family allowances, and when paying compensation at new rates, it is expected that in 2020-2021 the Social Security Fund will have to pay. The money for the funeral increased by approximately 77 million baht per year and the allocation increased by 93 million baht per year.
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