Julapun receives letter opposing CARE Formula pension adjustment

Prachachat•Politics•14h ago

Reader Briefing

The State Enterprise Workers Relations Confederation submitted a letter to the Minister of Labour opposing the 'CARE Formula' for old-age pension calculations.

•The State Enterprise Workers Relations Confederation (SERC), led by Sawit Kaewwan, submitted a letter to the Prime Minister via Minister of Labour Julapun Amornvivat.
•The group opposes the 'CARE Formula' for calculating old-age pensions from the Social Security Fund.
•The opposition targets a Cabinet resolution from July 14 regarding the draft ministerial regulation on old-age benefits.
•The group intends to follow up on the progress of the matter on August 4 at Government House.

Overview

•The State Enterprise Workers Relations Confederation, led by Sawit Kaewwan, submitted a letter to the Prime Minister through Julapun Amornvivat.
•The State Enterprise Workers Relations Confederation opposes the 'CARE Formula' for calculating old-age pensions as proposed by the Ministry of Labour.
•The opposition refers to a Cabinet resolution on July 14 that approved the principle of a draft ministerial regulation on old-age benefit payments.
•The State Enterprise Workers Relations Confederation believes the 'CARE Formula' will directly affect the benefit base and quality of life after retirement for Section 33 insured persons nationwide.
•Sawit Kaewwan stated that labor council leaders and labor unions have monitored the structural impact and previously expressed concerns.
•Julapun Amornvivat stated that the matter will be taken for further discussion with relevant parties at the Ministry of Labour.
•The State Enterprise Workers Relations Confederation and labor networks will return to follow up on progress on August 4 at Government House.

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Source: Prachachat (Original)

Key Entities

Person

Julapun Amornvivat(จุลพันธ์ อมรวิวัฒน์)ℹ️

The Minister of Labour who received the letter on behalf of the Prime Minister.

Sawit Kaewwan(สาวิทย์ แก้วหวาน)

The President of the State Enterprise Workers Relations Confederation.

Organization

State Enterprise Workers Relations Confederation(สมาพันธ์แรงงานรัฐวิสาหกิจสัมพันธ์)

An organization led by Sawit Kaewwan that opposes the CARE Formula for old-age pensions.

Ministry of Labour(กระทรวงแรงงาน)ℹ️

The government agency that proposed the CARE Formula.

Cabinet(คณะรัฐมนตรี)

The government body that approved the principle of the draft ministerial regulation on July 14.

Social Security Fund(กองทุนประกันสังคม)ℹ️

The fund whose old-age pension calculation system is being adjusted to the CARE Formula.

Policy

CARE Formula(สูตร CARE)

A proposed calculation method for old-age pensions from the Social Security Fund proposed by the Ministry of Labour.

Place

Government House(ทำเนียบรัฐบาล)ℹ️

The location where the group intends to follow up on progress on August 4.