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An urgent challenge - THAILAND REPORT - Magazine | Asia Asset Management

Sukhumvit Soi 58 food market is a haven for Thai cuisine in Bangkok that draws many food bloggers. There are more than 20 stalls, each offering authen. ....

Krung Thep Mahanakhon , Sukhumvit Soi , Sukhumvit Soi 58 Food Market Isa Haven For Thai Cuisine In Bangkok That Draws Many Bloggers There Are More Than 20 Stalls , Ach Offering Authentic Thai Food It Amp Rsquos Likea One Stop Centre For Anda Popular Destination Locals And Tourists Alike Thailand Pension System Is Like The Market In Some Ways , Ith Many Different Types Of Schemes Supervised By Authorities There Is The Social Security Fund Ssf , Hich Provides Pension And Social Security Protection To Private Sector Employees The Self Employed It Falls Under Labour Ministry Then There Is Thailand Government Fund Gpf , Hich Manages Retirement Savings For Civil Servants , Nd Falls Under The Purview Of Finance Ministry , Hich Also Supervises The National Savings Fund Nsf , A Voluntary Pension Scheme For All Thai Nationals , N Top Of That , Arge Private And State Owned Organisations Such As The Provincial Electricity Authority Have Set Up Their Own Retirement Funds For Employees But Whilea Market Offeringa Variety Of Food Is Good , He Same Cannot Be Said Ofa Pension System With Multiple Schemes For One , Here Is No Economies Of Scale , Hich May Mean Higher Costs And Lead To Lost Investment Opportunities For Another , Aving Different Entities Overseeing Retirement Funds Is Unnecessarily Complicating For The Pension System Amp Ldquo When You Look At Thailand Rsquos Schemes , E Have Everything We The Basic Pillar , Pillar Two , Nd So Forth We Cover All Stakeholders , Mp Rdquo Srikanya Yathip , He Then Secretary General Of The Gpf , Bserved Duringa Panel Discussion Organised By Asia Asset Management Last October Longer Life Expectancy There Are Three Pillars Ina Pension System The First Pillar Is Intended To Providea Safety Net For Elderly It Typicallya Mandatory , Ublicly Run Pay As You Go Defined Benefit Scheme That Is Financed Through Social Security Contributions Of Employees In Thailand , Ll Senior Citizens Get An Old Age Allowance Of 600 Baht Us 16 50a Month Ssf Members Receivea Monthly Pension Once They Retire Provided Have Contributed For At Least 180 Months The Second Pillar Is Designed To Supplement Benefits First Througha Fully Funded Defined Contribution Scheme And Third Comprise Private Retirement Savings Options , Ith Public Involvement Limited To Regulation Ensure Investor Protection Amp Ldquo But The Problem Is That Different Pension Schemes In Thailand Belong Ministries We Havea Lot Of Working On , Mp Rdquo Srikanya Said By Contrast ,