Thailand’s pension system is very much a work in progress. The two principal existing schemes, the Old Age Pension Fund (OAPF) and the Government Pension Fund (GPF), cover roughly 9 million workers between them [see table at end of story]. Another 1.5 million workers are covered by corporate provident funds. A few wealthier Thais benefit from the retirement mutual funds scheme.
The National Pension Fund is expected to bring the remaining 12.4 million of Thailand’s formal salaried employees, chiefly private sector workers, within a mandatory defined contribution pension scheme.
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