Pension Provision in Thailand
This report documents the current state of pension provision in Thailand and options for reform that would increase the adequacy and sustainability of the pension system. While the focus here is on income support, the welfare of the elderly depends...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/884191622726096147/Labor-Markets-and-Social-Policy-in-a-Rapidly-Transforming-Pension-Provision-in-Thailand http://hdl.handle.net/10986/35694 |
| Summary: | This report documents the current state
of pension provision in Thailand and options for reform that
would increase the adequacy and sustainability of the
pension system. While the focus here is on income support,
the welfare of the elderly depends on many other government
policies ranging from labor market policies to aged care and
health services. It is also important to assess the pension
system in terms of its broader impact on fiscal
sustainability and national savings. This analysis can be
found in a companion World Bank report that looks at the
macroeconomic implications of aging in Thailand. The next
section describes the schemes for the formal sector (public
and private sector) followed by sections two and three which
cover voluntary programs for the informal sector and
non-contributory or ‘social’ pensions, respectively. Section
four assesses performance based on three criteria, adequacy,
sustainability, and coverage. The last section concludes. |
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