Port staff claim pension ‘deceit’

Port Authority of Thailand staff show documents to support their claims of being deceived by the agency into joining a provident fund. Varuth Hirunyatheb
Port Authority of Asia staff show documents to support their states of being deceived by agency into joining a provident finance. Varuth Hirunyatheb

The Section of Special Analysis (DSI) has been questioned to investigate a problem by employees from the Port Authority associated with Thailand (PAT) claiming they were deceived straight into investing in a provident finance.

Regarding 100 PAT workers, accompanied by their lawyer Kritsana Inthamara, alleged they had been lured into switching in the existing pension programme on the promise of the initial PAT contribution worth 4 billion dollars baht after they activated.

More than 2, 000 DAB employees have now became a member of the fund which began in 2005, according to Mr Kritsana.

The particular lawyer said the PAT made the particular promise despite having no money to pay the first contribution.

The sum would have been divided up among the members, with all the exact amounts different according to the length of their own tenure.

The initial contribution was supposed to have been compensated to the members within instalments over 5 years although none was forthcoming.

As a result, right now there had been insufficient money in the members’ individual provident accounts to invest in stocks. Mr Kritsana said the provident fund subscribers were doing substantially even worse in terms of investment than patients who had stayed with the existing pension programme.

The PAT’s failure to transfer the four billion baht initial contribution has incurred losses to the workers, which may constitute fraud, misappropriation of funds and abuse of authority, the attorney said.

The employees on Tuesday  asked the particular DSI to accept their own complaint as a specific case. They were met by DSI speaker Pol Maj Woranan Srilam, who stated it will be forwarded meant for consideration.