Ripe time to push for pension reforms - News Summed Up

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Ripe time to push for pension reforms


Ripe time to push for pension reformsAs the government has no commitment to it, a national pension bill has been put on hold for too long. The national pension bill was sent to PM Prayut Chan-o-cha through his office five months ago, but he has yet to respond. Under the current pension system, only those working in the state service before the creation of the government pension fund or kor bor khor -- Gen Prayut among them -- are granted a monthly pension and other benefits like free medical treatment. Informal workers, which account for 55% of the labour force, also do not qualify for benefits under the pension system. I don't see this concept reflected in the pension system, except perhaps for civil servants.


Source: Bangkok Post July 20, 2020 00:11 UTC



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