Two Formulas. One Question: Which income period do you use?

Both formulas answer the same question: which earnings figure should form the basis for calculating a worker's pension? They arrive at radically different answers.

✅ The Fair Formula
FAE-60
Final Average Earnings
Average of the last 60 months (5 years) before retirement
Base = Average monthly salary
over final 60 contribution months

Pension = Base × 20%
+ (years − 15) × 1.5%
✓ Reflects actual earnings at retirement
❌ The Contested Formula
CARE
Career Average Revalued Earnings
Average across the entire contribution career
Base = Average of ALL months
(Section 33 salary + Section 39 cap)

Problem: Section 39 ceiling = ฿4,800
→ dilutes decades of higher earnings
✗ Challenged under Ruling 3307/2567

A Real Example: 27 Years of Contributions

Case Study: Former Private-Sector Employee — Section 33 → Section 39 Transition

Simulated figures based on actual contribution structure

27 yrs
Total contribution period
20 yrs
Section 33 contributions
7 yrs
Section 39 contributions
฿15,000
Average Sec.33 salary
฿4,800
Sec.39 ceiling (max)
฿15,000
Actual income at retirement
✅ Under FAE-60
฿3,300/mo
≈ $93 USD/month
Calculated on actual ฿15,000 salary from final 60 months
❌ Under CARE
฿1,980/mo
≈ $56 USD/month
Base diluted by 7 years of ฿4,800 Section 39 cap averaging
฿1,320 lost every month = ฿15,840 per year

Over 20 years of retirement: ฿317,000 (~$9,000 USD) erased by one formula choice

How Low Does It Go? Real Cases from the Testimony Wall

Among the 1,271+ members of this movement, 551 receive pensions below Thailand's poverty line of ฿3,700/month. Here are documented real-world figures:

Contribution HistoryProvincePension (CARE)Poverty Line
Sec.33 (23 yrs) + Sec.39 (8 yrs)Ayutthaya฿1,248 ($35)−66%
Sec.33 (23 yrs) + Sec.39 (10 yrs)Bangkok฿1,032 ($29)−72%
316 combined paymentsBangkok฿1,952 ($55)−47%
World Bank Poverty Line (2022)฿3,700 ($105)Baseline

What the Supreme Court Already Said

This is not merely an advocacy position. Thailand's Supreme Court addressed precisely this issue in Ruling No. 3307 of Buddhist Era 2567 (2024 CE).

⚖️ The Legal Principle Established

Workers who contributed under Section 33 have the right to have their pension calculated on the basis of their actual salary during that period. Using the Section 39 ceiling of ฿4,800 to dilute or reduce the entitlements accumulated under Section 33 constitutes an unlawful reduction of benefits — incompatible with the intent of the Social Security Act.

This is not a demand for new rights. It is an assertion of existing ones, confirmed at the highest judicial level.

The Three Demands: A Specific Policy Platform

The movement does not simply oppose CARE. It has a concrete three-part legislative agenda known as the "Three Asks" (กฎหมาย 3 ขอ):

Ask 1
🗳️
Choose
The right to elect FAE-60 (Final Average Earnings, last 60 months) as the basis for pension calculation
Ask 2
💰
Return
Reimbursement of the pension differential already lost to the CARE calculation since implementation
Ask 3
🏦
Borrow
The right to take emergency loans against one's own accumulated pension contributions
The Minimum Pension Target

A minimum pension of ฿10,000 per month (~$282 USD) for anyone who has contributed for 15 years or more. This is not a demand for generosity — it is a demand for actuarial honesty: calculating pensions on what was actually contributed, not on a depressed average.

Why This Matters for the 2026 SSO Board Election

The Social Security Board has direct authority to propose and endorse the pension calculation formula. A board that endorses CARE locks in the scenario shown in the case study above for every future retiree. A board that endorses FAE-60 restores the actuarial promise that workers made their contributions against.

The 2026 SSO Board election — expected in late 2026 — is therefore not an administrative formality. It is the single most direct democratic mechanism available to Thailand's 25 million enrolled workers to determine which formula governs their retirement.