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NA debate amendment to Law on Social Security

Amendment of the Law on Social Security has resulted in numerous changes to the policy which the government hopes will strengthen development of the nation’s social security system.
The amended draft of the law was introduced to the debate at the National Assembly session yesterday by Minister of Labour and Social Welfare, Dr Khampheng Saysompheng for consideration of approval by the legislative body.
The amended draft has 12 parts, divided into 123 articles, with 83 amended 19 new articles included.
The main changes in the amended draft regard allowance policy such as classification of allowances and target groups which will receive the allowance, social security in the public sector, and social security in enterprises and voluntary contributions.
The allowance for health security stipulated in articles 10, 20, 21, 43, and 44 define the general principles and methods of calculation of the allowance. Details on implementation and health service mechanisms for members who contributed to the security fund will be defined in related law being drafted by the Ministry of Health.
Based on the amended draft to the law, people disabled from work accidents, occupational diseases or other accidents are classified in six categories.
Disabled people of the first category will receive 80 percent of their wage. The next categories will be lower by ten percent as stipulated in articles 30 and 54 of the amended draft.
Long-term allowances like pensions in the public sector are the highest at 85 percent of salary, but the employment term should be at least 25 years.
75 percent is the pension rate in enterprises and the beneficiaries of this policy must contribute to insurance premiums for at least 15 years.
Following the amended draft, anyone who becomes disabled through work but contributed to the fund for at least one year can also receive the allowance.
Workers, who gain civil servant status from January 1, 2018, and onwards, will receive a pension at 60 to 75 percent of their salary.
An amendment was also made concerning allowance for deceased civil servants which will be paid to their families and cover funeral expenses.
An interesting change in this law is the allowance lump sum to women who give birth, miscarry or have an infant die in pregnancy. This allowance will be only paid to women who contributed to the security fund for at least six months.


By Times Reporters
(Latest Update
June 28,
2018


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