Jump to content
BANGKOK 19 June 2019 06:32
uncola

Thai social security and retirement

Recommended Posts

I opened and ran my company in Thailand legally for nearly 25 years.  About 6 or 7 years  ago I wanted to retire but i was told by the social security office in chiangmai that i could get approximately 120k only in a lump sum returned to me that i paid into the program but i could not continue with the medical insurance plan that i was required to have while working here.   I wanted the insurance so i did not retire then.   Earlier this year I did finally retire.   I was told that now i could continue the social security medical insurance program.   But i could not draw any of the benefits in lump sum nor monthly.  Lump sum now is about 180k.   I could get that money refunded to me, no problem.    But i could not get my money back AND pay 432 baht per month for the insurance.  I can elect to do one or the other but not both.   Is there something wrong with this picture?   

  • Like 1

Share this post


Link to post
Share on other sites

Are company directors allowed to pay SS here? 

 

I thought it was for employees only?

Share this post


Link to post
Share on other sites

I find it not logical that a government-operated or other health insurance refunds the contributions made during the time of employment but the SS in Thailand strangely does this.

Share this post


Link to post
Share on other sites
4 hours ago, NightSky said:

Are company directors allowed to pay SS here? 

 

I thought it was for employees only?

I have been doing it for more than 20 years

Share this post


Link to post
Share on other sites
4 hours ago, Maestro said:

I find it not logical that a government-operated or other health insurance refunds the contributions made during the time of employment but the SS in Thailand strangely does this.

Social security is not just health-related but has to do about unemployment and retirement benefits.  So instead of getting retirement payments for the rest of your life you can get those payments in a lump sum.

 

My bet is that with people living longer and possible raises in the payouts in the future they are better off paying off people lump sums.

Share this post


Link to post
Share on other sites

I worked ~167 months paying into SS and Thai tax system before retirement. I opted for the lump sum and got back 180K baht. I didn't know I could have continued payment into SS for the health insurance😪.  2 years later I'm working again paying into the system for 17 months now (since 2 year break). Planning to retire again. Would I qualify for continuing payment to SS for the health insurance and if so which office to set that up? Is it same as SS office that I went for apply the lump sum payment I went to a few years ago? Appreciate replies. Thanks.

Share this post


Link to post
Share on other sites

I was under the impression that after 15 years contributions, we could get a monthly pension based upon the last 4 years salary and continue to pay into the health scheme. Or take a lump sum

Anyone else heard of this?

As I've no intention of taking the balcony route, I was planning to take my chances with the monthly

Share this post


Link to post
Share on other sites

I have a card from a public school I'd worked at. I'm gone, insurance might have lapsed. Asked the wife to help but that's gone nowhere.

 

How can I continue the medical insurance. I don't much care about the retirement. Thanks

Share this post


Link to post
Share on other sites
21 minutes ago, grumbleweed said:

I was under the impression that after 15 years contributions, we could get a monthly pension based upon the last 4 years salary and continue to pay into the health scheme. Or take a lump sum

Anyone else heard of this?

As I've no intention of taking the balcony route, I was planning to take my chances with the monthly

Its something like 20% of the salary... max salary being Bt.15,000.

Share this post


Link to post
Share on other sites

Hi Uncola,

Like you I was a Director of a company but not for nearly as long. I retired last year and received THB178,000.0 from the SSO. I asked the Finance Manager if I could continue to pay each month for the Social Security and she confirmed that I could.

 

I went to the Nontaburi SS office and they were most helpful. The only issue was they did not accept payments from Bangkok Bank and I did not want to use 7 11 so I went to Krungsri Bank and opened an account with them and deposited sufficient funds to cover a few years of payments which are debited each month.

 

If I was able to do this within the existing rules then I see no problem with you doing the same, perhaps someone in the CM office is not fully aware of the rules/law pertaining to your situation.

  • Like 2

Share this post


Link to post
Share on other sites
I worked ~167 months paying into SS and Thai tax system before retirement. I opted for the lump sum and got back 180K baht. I didn't know I could have continued payment into SS for the health insurance.  2 years later I'm working again paying into the system for 17 months now (since 2 year break). Planning to retire again. Would I qualify for continuing payment to SS for the health insurance and if so which office to set that up? Is it same as SS office that I went for apply the lump sum payment I went to a few years ago? Appreciate replies. Thanks.
Under 60 you'll be okay I find the Social Security office at rayong to be very helpful that is where I set up my medical after retirement

Sent from my LG-H990 using Tapatalk

Share this post


Link to post
Share on other sites
I have a card from a public school I'd worked at. I'm gone, insurance might have lapsed. Asked the wife to help but that's gone nowhere.
 
How can I continue the medical insurance. I don't much care about the retirement. Thanks
If you don't apply within six months after leaving employment you are out of luck

Sent from my LG-H990 using Tapatalk

  • Like 1

Share this post


Link to post
Share on other sites
2 minutes ago, hereforgood said:

If you don't apply within six months after leaving employment you are out of luck

Sent from my LG-H990 using Tapatalk
 

I believe I'm in that window. Do you have a number? Website? English better but can get my wife to help. Thx

Share this post


Link to post
Share on other sites
I find it not logical that a government-operated or other health insurance refunds the contributions made during the time of employment but the SS in Thailand strangely does this.
It is not just health insurance. Health cover is only part of the SS benefit. There is also a small pension component. It is that money which you can at retirement receive either as a lump sum or a monthly payment.

OP info in post #2 is accurate. Continuing the health insurance is an absolute right providing you enrol as self pay within 6 months and has nothing to do with what you decide re the pension/lump sum.

Call or email the head office and if necessary call them while in your SS branch office and have them talk to the staff there.

Enrolling as self pay will be easier if you have a Thai pink ID card because there is a field where they need to enter ID number. There is a work-around for foreigners wirhout ID card but only the head office seems to know it.


Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...