Govt failure to enforce fund act 'hits 30 million workers' | Bangkok Post: news

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Govt failure to enforce fund act 'hits 30 million workers'

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  • Newspaper section: News
  • Writer: Nasreen Ngoh
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More than 30 million informal workers are being affected by the government's failure to enforce the National Savings Fund Act, workers and academics say. 

Chanachai Prayoonsin, executive director of the Savings and Investment Policy Bureau, said although the law had been in force since May 2011, the government has still not set up the pension fund.

There are more than 30 million informal workers in Thailand, he said. They are not eligible to be members of a provident fund or the Social Security Fund.

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