Thailand Xintai Daily Newspaper Thai media reported that Bloomberg recently released a report on the Melbourne Mercer Global Pension Index 2019 (Melbourne Mercer Global Pension Index 2019). Evaluate the pension systems of 37 countries around the world through more than 40 indicators such as length of service, house ownership, asset growth, pension system coverage, and population. Among them, the Netherlands and Denmark are rated as the countries with the most complete pension systems in the world. Australia, Finland, Sweden, Norway, Singapore, New Zealand, Canada and Chile also made the top ten.
Thailand ranks first from the bottom due to its imperfect pension system and lack of a clear and stable system. The report pointed out that Thailand should expand the coverage of the pension system to help more low-income groups. At present, the Thai government provides monthly subsidies to retired civil servants, as well as national welfare cards to low-income groups. Retirees in the social security system enjoy a pension of up to 6,375 baht, but it is difficult to maintain a living.
The Securities and Exchange Commission assessed that Thais should have at least 4 million baht of retirement savings, but now over 60% of Thai retirees save less than 1 million baht, and nearly one-third of the elderly still need Work every day to earn money.
(Translation: Sang Sang Figure: workpointnews)
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