Thailand has become an aging society or the proportion of the elderly population is more than 10% of the country’s population since 2005. At present, Thailand has an elderly population of 12.5 million or 19% of the country’s population. and from the declining birth rate In addition, the population has a longer average life expectancy. by predicting that In the next 1-2 years, Thailand will become a fully aged society, with the proportion of the population aging more than 20%, and will be the ultimate aging society. or more than 28% of the elderly population in 2034
Mr. Arkhom Termpittayapaisith Minister of Finance Mentioned this at the National Savings Fund (NSF) role policy meeting in promoting public savings for the year 2023 that the change in the population structure of Thailand has resulted in a population. In a state of increased dependence, therefore, all people should be prepared. In particular, long-term savings to be sufficient for spending throughout retirement, especially for workers outside the social security system.
Therefore, to promote savings and to motivate informal workers to save more. The cabinet has raised the ceiling of members’ accumulated savings from 13,200 baht per year to 30,000 baht per year in order for members to send more savings. And increase the government contribution ceiling from 600 – 1,200 baht per year according to the age of the member to 1,800 baht per year for all age groups.
which the amount of accumulation and contributions is higher will make members have more pensions, for example, NGO members who start saving from the age of 15 and continue saving until the age of 60 will have the opportunity to receive a pension of about 12,000 baht per month from the original 5,300 per month.
For this year’s operations, the NHA has a plan to go to the area with the Ministry of Interior. To provide knowledge about the NGO in 28 more provinces and set a goal to add another 10,000 NGO representatives to villages, as well as awarding prizes to provinces that promote outstanding savings discipline. to create motivation as well
In 2022, the number of NCF members increased to 2.5 million from 400,000 in 2015 and the capital fund increased from 1,155 million baht at the end of 2015 to 11,669 million baht at the end of 2022.
