Every month, millions of Thai workers pay into the Social Security Fund believing it will provide security in old age. The third weakness lies in the governance of the Social Security system: centralisation and a lack of institutional independence. Thailand’s Social Security system provides far less — only about 20% of average earnings before retirement. The first involves gradually adjusting key figures of the social security system to buy time for adaptation, including slowly increasing contribution rates. Reforming the Social Security system is not a task to be left to future generations.