Regulatory Alerts1987-01-01 | act-pvd1987-amended.pdfAdded · Updated
Provident Fund Act B.E. 2530 (1987) as amended
King Bhumibol Adulyadej enacted this legislation to establish the legal framework for provident funds in Thailand, defining single and pooled funds as juristic persons created by employer-employee agreements. The Act mandates specific contribution rates, requires the appointment of licensed fund managers, and establishes a supervisory regime overseen by the Minister of Finance and a designated Registrar. It further regulates fund operations, including investment policies, member benefit payments upon termination, and procedures for fund dissolution and liquidation.
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