Regulatory Alerts2015-01-01 | act-pvd2015-no4.pdfProvident Fund Act (No. 4) B.E. 2558 (2015)
The Thai government enacted this amendment to the Provident Fund Act B.E. 2530 to update regulations regarding fund contributions, investment policies, and member benefits. The law mandates employer contribution rates between two and fifteen percent of wages while granting the Minister authority to suspend payments during economic crises. It further establishes strict timelines for lump-sum payouts upon membership termination and permits the transfer of benefits to retirement mutual funds.
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