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FAQ

3

3. Contributions
3.1

3.1   Can employees make higher contribution rate than employer?

Answer   The Provident Fund Act B.E. 2530 stipulates that employer's contribution must not less than the employees'
                      contribution. Therefore, employees cannot contribute to the fund more than employer. However, RMF or
                      Retirement Mutual Fund could be another alternative for employees to increase retirement saving.

3.2

3.2   Can an employee who takes a leave without pay contributes his/her own part and compensate for the employer part
           to the fund?

Answer   Contribution remitted to the fund could occur only when there is a payment of remuneration . Taking a leave
                      without pay means there is no remuneration payment and, therefore, contributions to the fund cannot be made.

3.3

3.3   Can donation to the fund distribute only to specific employees?

Answer   Donation cannot be distributed to specific employees but must equally distribute to all members of a fund.

3.4

3.4   How can a member check that employer actually makes contributions of both employer and employee to the fund?

Answer   Member can check through semiannual statement which management company sent to every member of the
                      fund. Member should notify fund committee in case of not receiving such statement.

Main Page                                                                                                Last update : March 31, 2006

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