Regulatory Alerts2007-01-01 | act-pvd2007-no3.pdfProvident Fund Act (No. 3) B.E. 2550 (2007)
King Bhumibol Adulyadej enacted this amendment to the Provident Fund Act B.E. 2530 to modernize the legal framework for single and pooled provident funds in Thailand. The legislation introduces new definitions, mandates specific asset compositions, and requires fund managers to segregate accounts by employer or investment policy to ensure transparency. It further establishes detailed rules for benefit calculations, installment payments upon retirement, and the distribution of funds in the event of an employee's death.
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