2017 Labour Protection Act Amendments: Statutory Retirement Age and Retiree Entitlements
2017 Labour Protetion Act Amendments: Statutory Retirement Age and Retiree Entitlements Recent proposed amendments to the Thailand’s Labour Protection Act (1998) (LPA) aim to set a statutory retirement age of 60 years for workers in Thailand and also provide retirees with a statutory entitlement to severance pay. The amended Act is currently being reviewed by the Office of the Council of State. It is expected that the amended Act will enter into force within 2017. Current situation regarding Retirement under Thailand’s Labour Protection Act Section 118 of the LPA requires employers to pay severance pay to employees where it is deemed that they have been terminated without legal cause. If an employer’s Work Rules or employment contract specify a retirement age for employees then an employee will be deemed to have been terminated upon reaching the specified retirement age and […]