The government is being advised to improve savings-related regulations in order to build up financial security, particularly for the elderly.
Danucha Pichayanan, secretary-general of The National Economic and Social Development Council (NESDC), said the state planning unit is about to propose the government improve regulations in relation to savings to encourage Thai people to increase their savings which would create greater financial security and reduce the government’s financial burden over the long term.
“The issue will be raised soon for consultation at the NESDC’s board meeting and will later be proposed to the government,” said Mr Danucha.
According to Mr Danucha, the proposals include a plan to allow members of the social security fund to save up to 10% of their salary per month. The savings plan should be run on a voluntary basis and without additional…
