On 1 May, the People's Party plans to submit a Social Security Bill to the House of Representatives, emphasizing reforms in four areas and launching campaigns across several provinces to make it a law that belongs to everyone.
On 19 April 2026, the People's Party labor network held a membership relations event at the Future Forward Building as part of their campaign. The People's Party's draft Social Security Act which will be submitted to the House of Representatives on 1 May, aims to reform the entire social security fund system, focusing on four key areas:
1. Transparency The proposal requires the fund to fully disclose its overall status, including investment portfolios, returns compared to benchmark indices, actuarial reports, and board meeting minutes, so that insured persons and employers have better access to information.
2. Professional management The bill proposes establishing the “Social Security Fund” as an independent legal entity under a special law, to enable more agile management of the trillion-baht fund under a new structure.
3. Connection with insured persons It proposes restructuring the social security board to maintain three parties but limit membership to no more than 13 people, including representatives from the government, employers, and insured persons. The number of representatives for each group would correspond to their share of contribution payments.
During a term, the government may replace its representatives, while insured persons and employers can petition to remove individual members. The secretary-general or chief executive must be selected by the board through an open, competitive process, with fixed-term contracts and clear performance indicators.
4. Fund sustainability A key point is requiring the government to guarantee benefit payments to insured persons. Contribution rates and wage ceilings must be reviewed every three years. The fund's investment returns will be compared with similar global funds to assess performance and adjust investment plans accordingly.
Regarding benefits, the People's Party proposes that the main board have the authority to issue announcements on benefit adjustments with approval from the Ministers of Labour and Finance.
Mr. Sia Champathong, a party-list MP from the People's Party, said the party proposes social security reforms to ensure the Social Security Office can serve the public sustainably over the long term. Without reform, many predict it will last no more than 30 years. The party has continuously raised concerns about transparency and budget efficiency within the Social Security Office. "We want to create processes that increase transparency and encourage insured persons' participation. Certainly, once reforms are in place and the fund grows, benefit increases will be possible," he added.
Mr. Sia also spoke about campaigning for the social security bill, saying the People's Party will conduct campaigns in multiple provinces before submitting the bill to Parliament on 1 May and will continue afterward to help the public understand the content and intent of the social security reforms, aiming to make this bill a law for everyone.
