Thailand Seeks Public Input on Retirement Fund Law Updates
Thailand's Securities and Exchange Commission is seeking public feedback to update the Provident Fund Act as part of a mandatory five-year legal review, aiming to strengthen retirement savings protections for employees.
The Securities and Exchange Commission (SEC) is accepting public input to evaluate the performance of the Provident Fund Act, B.E. 2530, and related regulations as part of its mandatory five-year review. The consultation aims to update the law to align with current conditions, enhance the fund's role as a savings and investment tool, and ensure employees accumulate sufficient retirement savings. Under the 2019 Law Assessment and Drafting Procedures Act, state agencies must conduct legal effectiveness assessments at least every five years from the date a law takes effect. The SEC previously conducted such an assessment in 2021 and proposed amendments in 2023, but now faces a fresh five-year review deadline in 2025. The agency is seeking input from stakeholders and the general public on challenges and obstacles related to the Provident Fund Act, with the goal of improving the law and strengthening the fund's efficiency as a retirement savings mechanism. Interested parties can submit comments on the SEC website (https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1194) or the national law portal (https://law.go.th/listeningDetail?survey_id=Nzc5NkRHQV9MQVdfRlJPTlRFTkQ=), or by email to thitimam@sec.or.th or pajaree@sec.or.th by October 2, 2025.
