Savings fund tardiness spurs legal threat | Bangkok Post: business

Business > Financial Advice

Savings fund tardiness spurs legal threat

A network of informal workers yesterday petitioned the National Human Rights Commission to take legal action against the Finance Ministry for failing to launch the National Saving Fund.

Sujin Rungsawang, the network coordinator, said the failure to enforce the National Savings Fund Act violated Section 84 of the charter, which requires the government to help workers with their retirement savings.

She said the ministry's tardiness in starting the fund has affected 30 million informal workers who are not eligible to be members of a provident fund or the Social Security Fund.

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