The Finance Ministry plans amending legislation to allow the Government Pension Fund (GPF) to form an asset management company to increase returns for members. Young members could choose high-risk, high-return investment and older members could select risk-free investment, Mr Somchai said. GPF members are all government officials and employees of governmental organisations. The Finance Ministry also planned to increase contributions to the Social Security Fund and expand its management, he said. Without improvements in people's savings, the state could face a financial crisis in an era of an ageing society, Mr Somchai said.

Source: Bangkok Post March 27, 2017 09:22 UTC