Thailand raises retirement age to 65 for all sectors

[digger70]

Thailand raises retirement age to 65 for all sectors. 

 

That means More money for the Government  that they don't have to pay out  even if it's only Thb 600 per month .

But it ads up in the long term X amount of  people times  5 Yrs .

[Felt 35]

They (those in government who decide this) should be ashamed to expect more from workers who have worked all their lives for and to serve those who rule for slave wages.

Felt

[Ralf001]

3 minutes ago, watchcat said:

 

Hunger, if you've ever felt that.

prolly should have pumped out a few more girls and sent em to Patts/phuket/Bkk to sell their bits then !

[hotchilli]

3 hours ago, webfact said:

Thailand’s Labour Ministry is set to extend the retirement age for both private and government sectors to 65 years, aligning it with countries like Singapore and Switzerland, announced Phiphat Ratchakitprakarn.

Does that mean half of the government will be out of work, or will an exemption be made for the trough gobblers.

[hotchilli]

3 hours ago, webfact said:

Phiphat revealed that the ministry is considering converting the Social Security Fund’s largest expense—currently variable medical costs, estimated at 60 billion baht annually, into a fixed cost. By transferring this financial responsibility to an insurance company, the Social Security Office (SSO) could manage floating costs more effectively and improve fund management

How about excluding civil servants extended families from the scheme.

[FritsSikkink]

2 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.

The social security funds pays for health care too.

[FritsSikkink]

2 hours ago, KhunLA said:

Moving the goal posts ... 5 yrs is a big jump.

 

A bit irrelevant, as the average life expectancy of someone born 65 yrs ago is only ~54 years old 

 

Born 60 yrs ago, and it's ~57 yrs old

Relevant as the current life expectancy in Thailand is 77.92

[macxxxx]

1 hour ago, LukKrueng said:

 

600 BAHT is old age payment, not retirement payment which comes from social security. 

 

I know many Thai villagers that lived into their 80s

Yes, you can see some villagers into their 80s, but have you seen the younger people living in the towns, suffering from diabetes? It’s easy to see, they will never reach the age of 65.

[lordgrinz]

1 minute ago, macxxxx said:

Yes, you can see some villagers into their 80s, but have you seen the younger people living in the towns, suffering from diabetes? It’s easy to see, they will never reach the age of 65.

 

Then this government plan will work perfectly.

[Fat is a type of crazy]

It would be tough if there is  no transition i.e. those 59 still get it at 60 - maybe those at 55 get it at 61  etc  Couldn't see that noted. 

[Mr Meeseeks]

2 hours ago, lordgrinz said:

Yeah, I am sure the Thai's will enjoy being forced to work longer.

 

Thais actually work? 😕

[Mr Meeseeks]

25 minutes ago, macxxxx said:

Yes, you can see some villagers into their 80s, but have you seen the younger people living in the towns, suffering from diabetes? It’s easy to see, they will never reach the age of 65.

 

Too much white rice. 

[Ralf001]

Just now, Mr Meeseeks said:

 

Thais actually work? 😕

 

Yeah, have a few hundred of em... welding steel 24/7.... I hate going onto the production floor, it is never under 50 degrees !

[Mr Meeseeks]

Just now, Ralf001 said:

 

Yeah, have a few hundred of em... welding steel 24/7.... I hate going onto the production floor, it is never under 50 degrees !

 

If we are going to measure d*ck sizes I have more employed than you in one factory alone. 😆

[Ralf001]

Just now, Mr Meeseeks said:

 

If we are going to measure d*ck sizes I have more employed than you in one factory alone. 😆

 

hey champ, good for you... do you seek a gold star ?

[Lorry]

1 hour ago, Guderian said:

 

<sarcasm>

Of course, it makes perfect sense, since Thailand has so many similarities to Singapore and Switzerland, indeed they're almost indistinguishable!

</sarcasm>

They all are written very similar,  containing the letters a, i, n.

They all speak unintelligible languages. 

They all ate peace-loving countries, who have never bombed another country. 

Really indistinguishable.

[KhunLA]

34 minutes ago, FritsSikkink said:

Relevant as the current life expectancy in Thailand is 77.92

If born this year.   By the time those born this year reach 60/65, the goal post may be moved again, to what ... 80/85 

[FritsSikkink]

1 minute ago, KhunLA said:

If born this year.   By the time those born this year reach 60/65, the goal post may be moved again, to what ... 80/85 

If you are alive now, your life expectancy is higher than when you were born.

[Phil1964]

2 hours ago, lordgrinz said:

Yeah, I am sure the Thai's will enjoy being forced to work longer.

They don't enjoy work at any stage do they?

 

[PETERTHEEATER]

I should be interested to know how 'street vendors' will be registered to be included for Social Security which requires monthly contributions. 

[OldmanJ]

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.

[RichardColeman]

OK, so these figures will be way out, but lets assume there are about 40 million thais currently working, and due to pre 65 age death, 800,000 reach retirement each year. If the age of retirement is increased to 65, 4 million jobs will need to be added to the thai economy ABOVE the current employment merely to stand still over the next 5 years !!!

 

So unless idiot governments al over the world come up with employment plans ahead of increasing the retirement age, then you could well be building up youth unemployment 

[lordgrinz]

2 minutes ago, 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.

 

I think the maximum contribution is like 9,000 baht per year, so its not like the contributions are all that high either.

[DjSilver08]

65 years is still to low. 75 years is much better retirement age.

 

65 years are just for lazy low lifes 🤣

[Ralf001]

14 minutes ago, 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.

A retiree is entitled to OAA (600 to1000b per month) and SSA  (20% of monthly wage last earned.)

[FritsSikkink]

58 minutes ago, Mr Meeseeks said:

 

If we are going to measure d*ck sizes I have more employed than you in one factory alone. 😆

So why come up with the stupid question "Thais actually work?"

[new2here]

I suspect another large part of this is the continued falling birthrate… kind of like South Korea.. they’re going to be in a situation where they are far more people drawing FROM the system than there are paying INTO the system.. so they’ve got to do something such as pushing out the retirement age (ie delaying when you can draw from the fund), up the tax rate on those working and paying into it, and/or cutting back on the benefits drawn from it.. 

[madmitch]

60 was far too young for compulsory retirement.

 

Now it's 65, can they please apply this to MPs😁

[sambum]

3 hours ago, LukKrueng said:

 

600 BAHT is old age payment, not retirement payment which comes from social security. 

 

I know many Thai villagers that lived into their 80s

And you probably knew a few that died in their 20's 30's 40's (Road accidents etc) 

[geisha]

3 hours ago, LukKrueng said:

 

600 BAHT is old age payment, not retirement payment which comes from social security. 

 

I know many Thai villagers that lived into their 80s

Please give me a few examples of retirement payment , 

Farm Worker, shop girl/ sales assistant, construction worker,  bank or office worker . Thank you.

Do the poor old age living on the streets get anything ?