Haste eyed for pension rejigAnusorn TamajaiAnusorn Tamajai, the former chairman of the special subcommittee on pension reform, has called on the Ministry of Labour to urgently implement the "Care" pension formula without delaying the move until the new government takes office. Immediate adoption of the Career-Average Revalued Earnings (Care) formula would ensure fairness for insured workers who have contributed consistently and would allow around 570,000 retirees to receive higher pensions, he said. The Care formula replaces the existing method, which calculates pensions based on the average wages in the final 60 months before retirement. The old approach is not considered beneficial to workers whose salaries decline towards the end of their careers despite long histories of making contributions. He said this can be avoided by improving investment strategies targeting average returns of around 5%.

Source: Bangkok Post February 20, 2026 23:52 UTC