Thailand’s social security system is undergoing a transformative change, with the Social Security Board officially approving the new "CARE" pension formula. This crucial reform aims to create a fairer and more sustainable retirement system for insured persons under Sections 33 and 39 of Thailand’s Social Security Act.
A 90-day public consultation will be conducted to ensure transparency and inclusivity before full implementation. Importantly, current pensioners will also benefit—those already receiving pensions will not see reductions, and many will see increases. The reform marks a significant policy shift in securing the financial well-being of Thailand’s aging workforce.
CISTU’s Role in Driving Social Change
This milestone was made possible through the relentless dedication of Assoc. Prof. Dr. Sustarum Thammaboosadee, a member of the Social Security Board representing insured persons and a faculty member at the College of Interdisciplinary Studies, Thammasat University (CISTU). His leadership and unwavering commitment have been instrumental in pushing forward a more equitable and inclusive social security system despite challenges and resistance.
At CISTU, we take immense pride in our faculty members who actively shape policies for social betterment. As a leading institution in interdisciplinary studies and policy innovation, we remain committed to supporting research, advocacy, and real-world solutions that drive meaningful change for Thailand’s future.
🔗 Stay connected with CISTU for more updates on social impact initiatives and policy developments.
Check out Professor Sustarum's Facebook page: https://www.facebook.com/sustarum.t
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