continuous basis. The implementation of the plan will optimize the balance and lay down a solid foundation in the entire system, rather than focusing on stringent oversight on the third line of defense as
Bangkok, June 20, 2014 ? The SEC encourages asset management companies to set up post retirement funds as investment alternative for retirees. The funds provide unit holders continuous payouts and
uninterrupted period of 20 years or more is entitled to receive payment of not less than his/her last rate of wage for 400 days, this law is effective since 5 May 2019. Despite such change, for 3 months period of
performed in the last 400 days will be eligible to employees who worked for an uninterrupted period of twenty years or more and their employment were terminated due to retirement. This caused a onetime
Company recognized past service cost as an expense in statement of comprehensive income due to the recognition of additional legal severance pay rates for employees who have worked for an uninterrupted
Labor Protection Act was amended to include a requirement that an employee who is terminated after having been employed by the same employer for an uninterrupted period of twenty years or more, receives
has ended to maintain the benefit of continuous saving.?The post-retirement issue is getting more complicated as the society is moving toward longer lifespan and higher living costs especially medical
obligation.? Under the governing regulations revised under the PVD Act (No.4) B.E. 2015, an employee transferring PVD to RMF would benefit from continuous long-term savings, freedom to choose any investment
secondary market which will be set up later by SET after consultation with SEC. The signing of MOU today is an official outset of the continuous collaboration among the three agencies to nudge and develop
according to the changes in the additional legal severance pay rates for employees who have worked for an uninterrupted period of 20 years or more, with such employees entitled to receive not less than 400