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Byline: The Nation.
In a bid to cope with the country's growing elderly population, the Thai Gerontology Research and Development Institute is conducting a feasibility study on setting up the Kingdom's first-ever universal pension fund.
The proposed fund would cover more than 30 million people not eligible for coverage by existing retirement schemes.
"The new universal pension scheme would involve compulsory saving for re-tirement by young and old workers alike, rather than waiting for help from government or family," said Chulalongkorn University economist Worawet Suwanrada, who is in charge of the study.
The findings will soon be …