Cabinet cuts social security contributions by 1% | Bangkok Post: business

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Cabinet cuts SSF contributions by 1%

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The cabinet has approved a proposal to cut employee and employer contributions to the Social Security Fund (SSF) by 1% each, down to 4% from the current 5%. 

Padermchai Sasomsap (Photo by Pattanapong Hirunard)

Labour Minister Padermchai Sasomsap said after the cabinet meeting on Tuesday the measure is aimed at minimising the impact of the government’s 300 baht daily minimum wage nationwide policy on manufacturers, which took effect from Jan 1.

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