Questions about buying second hand bike

[bigt3116]

3 minutes ago, KhaoNiaw said:

Seems way too high. How are you doing the calculation?

 

Trying to find the formula now, but it says the maximum is 15k a month?

 

[KhaoNiaw]

1 minute ago, bigt3116 said:

 

Trying to find the formula now, but it says the maximum is 15k a month?

 

 

15k is the maximum income that the calculations are based on, not how much can be received for the pension.
If you retire with full contributions over 15 years, you'd get 3,000 baht. I can't remember the formula exactly but then you can add on something like 1.5% of 15,000 for each additional year. You'll get nowhere near 12,000 baht. 

[soalbundy]

22 hours ago, watchcat said:

The  government is surely in problem, want to adjust the pension age to 65 for the measly pay of 600 baht/month. Just confess, the country is in deep trouble, and comparing the country with Singapore and Switzerland is a joke.

 

Yes, and?  600baht/ month doesn't help.

Let's not be too arrogant, it's a start from a very low bench mark, funds have to be available to raise pensions and this can take decades. At least they have seen the writing on the wall and are making a start. The same problems are facing the West where the demographics are a harbinger of bad times ahead, raising the retirement age to 70 is no longer unrealistic, with small incremental steps, in the future, this would ensure that many will never receive a pension or if then only for a short time thus reducing burden on the retirement funds, basically, if you don't have kids then you don't get a pension worthy of the name.

[still kicking]

17 minutes ago, soalbundy said:

Let's not be too arrogant, it's a start from a very low bench mark, funds have to be available to raise pensions and this can take decades. At least they have seen the writing on the wall and are making a start. The same problems are facing the West where the demographics are a harbinger of bad times ahead, raising the retirement age to 70 is no longer unrealistic, with small incremental steps, in the future, this would ensure that many will never receive a pension or if then only for a short time thus reducing burden on the retirement funds, basically, if you don't have kids then you don't get a pension worthy of the name.

B/S I don't have kids and my pension is 2700 AUD per month

[LukKrueng]

2 hours ago, bigt3116 said:

 

I was also informed that if you take the pension, you can NOT continue with the 432 baht for healthcare, and that is too greater benefit to give up

Don't know how your quote got messed up. 

 

However, at that time I was told by the officers that I could take the lump-sum and still continue getting medical cover for about 400B / month. They even said I had 6 months to decide AFTER getting my lump-sum.

 

[mike123ca]

I would be very happy to receive the lump sum and be able to continue paying into the medical coverage.

[soalbundy]

1 hour ago, still kicking said:

B/S I don't have kids and my pension is 2700 AUD per month

Yes,my German pension is bigger than that but we are already retired, it wont take too long before the next bulk of retirees comes along and the funds get depleted (America is a case in point, many states wont be in a position to pay the promised amount of pensions to their retiring government workers). My German daughter who is 38 already assumes that she wont get a pension. There is a limit to the burden (wage deductions) that one can put on an ever decreasing number of young workers compared to an ever increasing number of retirees.

[redwood1]

Retirement age should be moved to 75, says think tank

• The state pension age should rise to 75 years old
• This would tackle the challenges of an ageing population, including increasing retirement savings
• An “age confident” employer scheme should be created to promote a diverse workforce
   
• https://www.aon.com/unitedkingdom/employee-benefits/resources/articles/retirement-age-should-be-moved-to-75.jsp

They will keep raising the pension age until most people die before getting one.....

[Srikcir]

Government efforts to support longer term system sustainability is overlooking the persistent and unaddressed low birth rate. Solutions are open but will involve what something Thais are not acceptable. Converting migrants into permanent Thai residents.

[Neeranam]

5 hours ago, bigt3116 said:

 

I was also informed that if you take the pension, you can NOT continue with the 432 baht for healthcare, and that is too greater benefit to give up

They were lying.. I took the lumps sum and continued with the 432 baht a month payments. 

I bought Bitcoin with the lumps sum which I continue to hold and it worth x10 what it was when I bought it. 

I will get the 600 baht/month when I am 60. 

 

I'll also get the full UK state pension if I reach 67, despite only working there for 4 years.

Paid back 10 years of Class 2 Voluntary contributions then 150 quid a year or so.

 

Edited 5 hours ago by Neeranam

[georgegeorgia]

On 10/26/2024 at 1:13 PM, FritsSikkink said:

Relevant as the current life expectancy in Thailand is 77.92

Wonder how long you have Frits 

Surely not long now 

Do you think a stroke will get you or heart attack ?

Edited 4 hours ago by georgegeorgia

[node]

If they make this into law, what happens to all the youths you see getting their crisp graduation certificates, where jobs are concern. Now that uncle & aunty are working past 60 in the service. 

They want the old folks to dead on the job, so the Government do not pay out pension or social benefits. 

 

[FritsSikkink]

58 minutes ago, georgegeorgia said:

Wonder how long you have Frits 

Surely not long now 

Do you think a stroke will get you or heart attack ?

No idea.

Won't get clubbed because I am harassing guys in the toilet though.

[Snackbar]

Not unexpected good news for millions

[FruitPudding]

On 10/26/2024 at 2:21 PM, OldmanJ said:

The Thai government should be ashamed of itself how can people be expected to love on 125 baht a week.Why can't they raise there allowance any more and think of the people instead themselves for a change.

 

Those people getting 500 a month didn't pay into the social security system. 

 

If they had, they would get a better pension.

 

My country pays zero to those who didn't pay into the social security system.

[FruitPudding]

2 hours ago, Neeranam said:

They were lying.. I took the lumps sum and continued with the 432 baht a month payments. 

I bought Bitcoin with the lumps sum which I continue to hold and it worth x10 what it was when I bought it. 

 

Putting your pension in Bitcoin might not be a great idea.

 

2 hours ago, Neeranam said:

 

I'll also get the full UK state pension if I reach 67, despite only working there for 4 years.

Paid back 10 years of Class 2 Voluntary contributions then 150 quid a year or so.

 

You need 35 years of payment for full pension, by the way.

[flexomike]

On 10/26/2024 at 2:21 PM, OldmanJ said:

The Thai government should be ashamed of itself how can people be expected to love on 125 baht a week.Why can't they raise there allowance any more and think of the people instead themselves for a change.

hey every ten years it goes up 100 baht, so if you make it to 100 years old you will get 1000 baht a month

 

[flexomike]

On 10/26/2024 at 5:02 PM, Lacessit said:

My GF is going to be ropeable. She was looking forward to getting her 600 baht in a couple of years time.

 

The introduction is clumsy, it should have been phased in.

 

The clowns who introduced this change may have cause to regret their actions. Voters will be looking for any means of revenge.

the 600 baht is a different program, don't think they will mess with that

 

[Lacessit]

20 minutes ago, flexomike said:

the 600 baht is a different program, don't think they will mess with that

 

So the change is for people in government service? That's going to mess with the intake of youth.

[John Drake]

Going to raise the retirement visa to match?

[bigt3116]

6 hours ago, LukKrueng said:

Don't know how your quote got messed up. 

 

However, at that time I was told by the officers that I could take the lump-sum and still continue getting medical cover for about 400B / month. They even said I had 6 months to decide AFTER getting my lump-sum.

 

 

That is exactly what I am saying 'lump sum' continue 432 health care. Pension = can not

 

[bigt3116]

8 minutes ago, John Drake said:

Going to raise the retirement visa to match?

 

No such thing, at the moment the visa is based on being over 50, nothing to do with being retired.