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GPF: Start saving now for later in life
The government plans to promote saving among the working populace in a bid to cope with figures which suggest Thailand's elderly population is becoming increasingly dependent upon the country's workforce.
According to the National Economic and Social Development Board (NESDB), more elderly people are now dependent upon members of the county's workforce. The rate is set to double to over 19% by 2010, according to the NESDB. By 2025, this rate will have risen to more than 29%, while the rate will continue to climb, it said.
In order for people to cope with the income demands this situation will create in the future, the Government Pension Fund (GPF)) is encouraging people to start saving for their later years or retirement as soon as they enter the workforce. - Manager Online.
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