FPO anticipates B54bn in National Pension Fund

The Fiscal Policy Office (FPO) estimates the National Pension Fund will draw about 54 billion baht into the fund in the first year of its enforcement.

Kulaya Tantitemit, FPO director-general, said the 54 billion baht will stem largely from contributions from large-sized private firms with more than 100 employees, businesses that receive state concessions, SET-listed companies, state enterprises and government units outside the Government Pension Fund Act, businesses that receive investment promotion and companies that are willing to join the new pension scheme.

The National Pension Fund bill requires those enterprises to participate in the scheme in the first year of its enforcement.

The size of the fund will be extended once small-scale companies participate in the scheme in subsequent years.

According to the bill, in the fourth year of the fund enforcement,…