Pension Fund, Provident Fund and Social Security System in Thailand

Niwat Kanjanaphoomin

No 201, Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: Thailand is one of the developing countries, which is facing an aging challenge due to demographic transformation from falling fertility rates and rising life expectancies. Currently, the retirement system is confronted with a continuous increase of the old aged dependency ratio that is pushing the government to consider reforming the current pension system. This report describes the current retirement systems; Pillar I and II in private and public sectors as well as a summary on the alternative vehicle for individual retirement saving plan (Pillar III). A discussion on the policy option for future development is also addressed on topics of coverage, replacement and contributions, taxation issues, how to achieve real savings for retirement, administrative systems and finally issues on investment management.

Pages: 23 pages
Date: 2004-02
Note: International Conference on Pensions in Asia: Incentives, Compliance and Their Role in Retirement, Organised by PIE and COE/RES, Hitotsubashi University, Hitotsubashi Collaboration Center, Tokyo, Japan, 23-24 February 2004
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Persistent link: https://EconPapers.repec.org/RePEc:hit:piedp1:201

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