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- Thailand’s SMART Visa program: What you should know
- Estate planning goes beyond wills
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To put it simply, “Social Security” is a law that provides security for the citizens. Although social security laws could differ in different countries, it retains the similar core concept.
To illustrate, the U.S.’s social security law aims to benefit those who are retirees, disabled persons, and families of retired, disabled or deceased workers. Social Security in the U.S. is largely a pay-as-you-go program. This means that today's workers pay social security taxes to the program and money flows comes back as monthly income to the appointed beneficiaries.
In Thailand, social security operates differently. Social security registration is mandatory for all employees in Thailand under the labour law and allows employees to access social security benefits. The insured individuals are provided with various benefits such as injury benefits, maternity benefits, disable benefits, old-age benefits, unemployment benefits, etc.
Sometimes the application for social security benefits can be puzzling and unfortunately certain legal issues could occur regarding the laws encompassing social security. Lawyers who are an expert in social security law can act as your representative to deal with the Social Security Administration and assist you should any problems arise.