Thailand’s Social Security Board has approved the establishment of a new committee to study reforms to the governance and management of the Social Security Fund.
Pol. Lt. Col. Wannapong Kocharak, Permanent Secretary of the Ministry of Labour, said the decision was made at the second meeting of the 14th Social Security Board. Representatives from insured workers, employers, and government agencies unanimously agreed to form a committee to review the structure and administration of the Social Security Fund.
The committee will consist of four representatives of insured workers, four employer representatives, and government officials. The Permanent Secretary of Labour will serve as chair, with the Labour Minister acting as adviser. Members will also include the Secretary-General of the Social Security Office, along with representatives from the Ministry of Finance, the Council of State, and the Office of the Public Sector Development Commission.
The panel will develop a reform roadmap and recruit qualified experts to help move the process forward. Potential contributors include representatives from institutions such as the Bank of Thailand or the Government Pension Fund. The committee will also examine international models of social security fund management to identify best practices.
The study must be completed within 60 days. The committee may appoint advisers with diverse expertise, with the aim of modernising fund governance and improving the quality and effectiveness of the Social Security Fund for contributors.
