The Social Security Fund’s (SSF) pension scheme, which was designed to provide a source of income for those who have retired from the private sector, may not last unless changes are made to strengthen its finances, experts warn.
Concerns about the SSF’s sustainability are being echoed by academics and labour advocates after Labour Minister Suchart Chomklin last month put the brakes on a proposal to start paying out pension benefits at the age of 60 as opposed to 55.
The proposal, submitted by the Social Security Office (SSO), is part of draft amendments to the Social Security Act aimed at increasing…
