Thai rice growers may receive pensions

[webfact]

Thai rice growers may receive pensions
By Digital Content



BANGKOK, July 23 -- Thailand's Rice Department is gathering opinions on how to improve its rice and rice grower development fund bill that includes a plan to offer pensions to the farmers themselves.

Director-General Chanpittaya Chimpalee said most rice growers had low incomes and high costs and could not make ends meet, so pensions are planned with the bill.

He said bill would have rice growers who are members of the rice and rice grower development fund contribute 3 per cent of their incomes to the fund and the government will also contribute to it.

After the retirement age of 60 or 65 years, each member would receive the monthly pension of about Bt4,000 that will be enough for their life after retirement.

Wichien Puanglamjiek, president of Thai Rice Farmers Association, said that rice growers should enjoy welfare like that offered to people in other professions and it was good time to realize the law to offer sustainable help to rice growers.

Somsak Kangtheerawat, senior executive vice president of the Bank for Agriculture and Agricultural Cooperatives, said a survey on farmers nationwide in June found that Thai farmers were very happy as their average happiness score stood at 3.10 out of total four.

The happiest were fruit growers, followed by sugarcane growers and meat chicken farmers.

The survey also showed that rice growers were very happy after receiving money for their pledged rice. Their average happiness score stood at 3.35 out of total four and the score made a new high. (MCOT online news)


-- TNA 2014-07-23

[chotthee]

How to quantify " contribute 3 per cent of their incomes"?

If they are so poor, now govt want to take away another 3%?

[UbonRatch]

How to quantify " contribute 3 per cent of their incomes"?

If they are so poor, now govt want to take away another 3%?

If want for free forget it. 3% contribution is little to receveive much more than 25% back per month when working age is passed.

You must have a happiness GPA of 2.1 out of 4.0 ?

Please explain to me this happiness mark out of 4.0 of which I know sweet FA about.

[ratcatcher]

These farmers are almost off the scale with happiness. Just full of it. Oh, happy days are here again.

[dcutman]

Isnt 3% of almost nothing, almost nothing? How does anybody. even with the most creative mind. figure there would be 4000 baht a month pension, even with a govt matching funds?

[Zeegator]

Isnt 3% of almost nothing, almost nothing? How does anybody. even with the most creative mind. figure there would be 4000 baht a month pension, even with a govt matching funds?

Mathematic and actuarial calculations does it.

Edited July 23, 2014 by Zeegator

[dcutman]

Isnt 3% of almost nothing, almost nothing? How does anybody. even with the most creative mind. figure there would be 4000 baht a month pension, even with a govt matching funds?

Mathematic and actuarial calculations does it.

Mathematics no, Actuarial science possibly.

[SOMeTOM]

"the monthly pension of about Bt4,000 that will be enough for their life after retirement."

So, what was the minimum amount of cash to show each year to get a "retirement Visa" for a foreigner again??

...TIT

[iphad]

"the monthly pension of about Bt4,000 that will be enough for their life after retirement."

So, what was the minimum amount of cash to show each year to get a "retirement Visa" for a foreigner again??

...TIT

many Thai can live on 4000 baht a month if they own their land...many farang cannot live on 4000 baht a day..big difference

[chotthee]

4,000 Baht a month is already too much for a Thai.

[Ozziepat]

What is the term again for, "We will take stuff from those people over there who have too much stuff and give it to you so you will be happy and like us."?

[shirtless]

They should have the happiness system in the west , I am sure we would not score that well.

[TechnikaIII]

Why only rice farmers? Whether it's rice, maize, sugar cane, all manner of palms, collecting bat droppings from caves, whatever, farmers nationwide work their skin to the bones to feed the nation.

And why only farmers?

I guess it will take at least another generation for all the various pension funds become one, nationalised, to take care of all Thai citizens.

Eventually this will relieve some of the financial burden that girls are born into, that being to feed their ageing parents.

The reduced pressure on them to obtain money by any means could only be a good thing.

With increased living standards for all, the sex industry would be downsized. This would also lead to the desired 'better quality tourist'.

All things are connected.

The rice farmers' pension plan is a step towards a healthier Thailand.

[Dublin]

yes and then all the money will vanish into thin air and no pensions ,,, who are they kidding with this BS ,,,, At least advise them how to invest there future with the farmers bank (name eludes me at present) then at least they can be sure of some sort of return.

[Lancelot]

Me thinks the Junta is taking a page from Thaksin's Populist Playbook

[belg]

should pensions not be based on CONTRIBUTIONS ?

[connda]

<deleted>. What about every other farmer in the country of Thailand. What makes Rice Farmer special. This is ludicrous and an absolute insult to all other rural residents of Thailand who make an agrarian living. And who said that corruption is on the decline? This is how corrupt systems work.

[apetley]

4,000 Baht a month is already too much for a Thai.

What a mealy mouthed example of humanity you are.