What is the Social Security Fund (SSF) in Thailand?
The Social Security Fund (SSF) in Thailand provides essential coverage and financial support across various life situations.
The SSF offers protection in several important areas:
- Sickness: Provides financial assistance for medical expenses related to illness or injury.
- Maternity: Supports female employees during maternity leave, covering part of their salary.
- Disability: Offers financial aid to individuals who are unable to work due to disability.
- Child Allowance: Provides support for employees with children, helping with additional family expenses.
- Unemployment: Assists individuals who lose their jobs and meet the eligibility criteria, helping them during periods of unemployment.
- Old Age: Provides retirement benefits to ensure financial stability in retirement.
- Death: Offers financial support to beneficiaries in the event of an employee’s death.
The contribution rate to the Social Security Fund is 5% of the employee's monthly salary, with a maximum contribution of THB 750. This rate is shared between the employer and the employee.
For more details on the Social Security Fund, including how to apply for benefits and specific procedures, you can visit the website of the Social Security Office of Thailand.
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