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Public Backs “Retirement Lottery” savings bonds – Thailand Business News
The Ministry of Finance has announced the outcomes of a public consultation on the proposed revisions to the National Savings Fund Act, held from August 16 to 30.
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The Ministry of Finance has announced the outcomes of a public consultation on the proposed revisions to the National Savings Fund Act, held from August 16 to 30. The feedback focused on potential amendments, such as the launch of retirement savings bonds, also termed as a “Retirement Lottery.”
The Ministry of Finance conducted a public consultation on potential amendments to the National Savings Fund Act, particularly about introducing retirement savings bonds or a “Retirement Lottery.” About 99.05% of respondents endorsed this concept, where savings can accumulate regardless of bond outcomes.
Key feedback included that 92.45% believed funds should be returned at 60 years old, and 98.11% supported returning funds and investment returns to heirs if the participant dies….