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New agency needed to run pension system.
Byline: Ploy Chitsomboon
May 3--A new agency could be established to help manage the introduction of mandatory provident funds, according to Naris Chaiyasoot, the director-general of the Fiscal Policy Office.
He said a national pension fund scheme was expected to start in January 2007.
The system would be mandatory for all companies with employees earning more than 15,000 baht per month and would complement existing systems, although final details are still under review.
Retirement savings in Thailand are now provided by the Social Security Office, covering employees of private companies; the Government Pension Fund, covering civil ...
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