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Social Security Office to extend unemployment payouts by three months

Social Security Office to extend unemployment payouts by three months

PHUKET: Ministry of Labour Permanent Secretary Sutthi Sukoson revealed today (July 23) that the Cabinet has approved a budget of B890 million to extend unemployment payouts through the Social Security Office by three months.

COVID-19economics
By The Phuket News

Thursday 23 July 2020, 06:48PM


Permanent Secretary of Ministry of Labour Sutthi Sukoson. Photo: Labour Ministry

Permanent Secretary of Ministry of Labour Sutthi Sukoson. Photo: Labour Ministry

Even people left unemployed as a result of the COVID-19 economic crisis who have paid into the fund less than six months in the past 15 months will be eligible for the benefit, Mr Suthi said, reported state news agency National News Bureau of Thailand (NNT).

After the funds have been transferred from the Ministry of Finance, the Social Security Office will provide each successful applicant B15,000 in support, paid out in three monthly payments of B5,000, Mr Suthi explained

“From statistics collected on May 15 this year, 59,776 people will receive compensation as a result of the Cabinet’s approval, which in total will require around B896.64 million in government funds,” he said.

“This compensation will not only help the people with the income that they lost for living, but also stimulate the circulation of money,” he added.

“This may create more spending and employment, and in turn money will come back to the government in the form of taxes paid,” Mr Suthi said.

Details of applying for the extended unemployment support have yet to be released, 

The decision by Cabinet is a turnaround on reports only last week that the board of the Social Security Office (SSO) had opposed extending its relief compensation scheme to subscribers made jobless as a result of the COVID-19 pandemic.

Property in Phuket

Also, Mr Suthi’s announcement will come as welcome news to many people in Phuket left without any form of income due to the economic shutdown brought on by policies to counter the spread of COVID-19.

Unemployment in Phuket is the highest on record and although allowed to reopen, businesses across the island are struggling to even cover operating expenses without tourists arriving in numbers.

Phuket Chamber of Commerce (PCC) President Thanusak Phungdet last week expressed his grave concerns that would result from a lack of government support for people left jobless by the crisis.

“Crime and suicide rates will rise,” he told The Phuket News.

As of last week Mr Thanusak had not received any response to his plea for the government to extend its social security payments for people in Phuket for another three months – a formal request he submitted more than a month ago.

The first three months of social security payments made available to people left without work due to the current situation ended on June 30.

At that time, estimates indicated that the fallout from the COVID-19 crisis may end up costing Phuket more than B280 billion in lost revenues. That figure has yet to be revised.

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Kurt | 24 July 2020 - 16:45:28

So, this is the time to block Myanmar labour coming back. Their previous jobs should now be offered to unemployed Thai.  Unemployed Thai should not have the luxury to refuse construction work- and all other kind of jobs. Work means earnings to feed family. Hello! Settle for the 'New Normal'.

CaptainJack69 | 24 July 2020 - 12:12:21

Yep, the numbers add up. That's enough for fewer than 60,000 people. Less than 0.1% of the population. With unemployment of 0.8% BEFORE the virus we can say that's what, maybe 1 person in 20 getting the benefit they need.

Meanwhile billionaires are literally getting away with murder. TIT.

Nasa12 | 24 July 2020 - 10:10:02

This is only for those who have been employed less than 3 months before they were hired.  These people have not received 1 single bath since the State closed down all hotels +++.  So these few who have already received 15,000 baht get nothing more.

Kurt | 24 July 2020 - 04:28:51

Per month 5000 thb only? To little to live on, to much to die on (?). Let we not forget that the Thai Officials who decide this amount belong to the Thai elite, the 1% that owns 67% of country's wealth. The gap between Thai 'have's and no have's is growing. It is a worrying factor that destabilise  the country.  People who have nothing to loose anymore are a threat to national secu...

 

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