The Progressive Social Security team swept all seven worker seats and all seven employer seats on the 21-member SSO board, based on unofficial results with over 95% of ballots counted. Official results are expected by the end of the year. The board sets direction for the 2.8 trillion baht Social Security Fund, which covers over 24 million insured people, and it has a two-year tenure. For a business owner, this changes little in the short term: contribution rates and benefits are not affected by this vote itself. Watch for any policy shifts from the new board, and keep your SSO contributions and employee registrations up to date as usual.
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