The Secretary-General of the Social Security Office reminds employers not to forget to pay the 2026 compensation fund contributions and to report 2025 wages within the specified deadlines.
On 6 Jan, Ms. Kanchana Poolkaew, Secretary-General of the Social Security Office (SSO), stated that the office urges all employers to pay the 2026 compensation fund contributions by 31 Jan 2026 to ensure employees fully receive their benefits from the fund. Employers can pay via the electronic e-Payment system at participating banks including Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, Siam Commercial Bank Public Company Limited, Kasikornbank Public Company Limited, TMBThanachart Bank Public Company Limited, United Overseas Bank (Thai) Public Company Limited, Deutsche Bank, Government Savings Bank, JPMorgan Chase, Counter Service Company Limited, as well as the Bank for Agriculture and Agricultural Cooperatives. These channels offer convenience, speed, and high security. Payments are also accepted at bank counters or service units at three locations: Krung Thai Bank, Bank of Ayudhya Public Company Limited, and Counter Service Company Limited.
Additionally, employers must report the 2025 compensation fund wages by 28 Feb 2026. This can be done via two methods: 1) through the electronic e-Wage system, which allows easy, fast reporting and retrospective data verification; or 2) by submitting wage reports directly to the Social Security Office branches in Bangkok, provinces, or local offices.
The Secretary-General added that if employers find, after reporting wages, that additional contributions are due, they must pay these by 31 Mar 2026. Failure to pay contributions on time or paying incomplete amounts will result in a 2% monthly penalty on the outstanding contributions. Non-compliance not only incurs extra costs but also affects overall fund management and the provision of legal benefits and protections to employees. Employers are therefore urged to comply with deadlines and payment channels to safeguard employee rights and ensure the compensation fund is managed efficiently.