PUBLISHED : 26 Oct 2024 at 07:40
The Labour Ministry plans to raise the retirement age for both private and government sectors to 65 years, the same as in Singapore and Switzerland, said the minister Phiphat Ratchakitprakarn.
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PUBLISHED : 26 Oct 2024 at 07:40
The Labour Ministry plans to raise the retirement age for both private and government sectors to 65 years, the same as in Singapore and Switzerland, said the minister Phiphat Ratchakitprakarn.
Mr Phiphat said on Friday that the idea of extending the retirement age was attributed to today’s improvements in health and medical advancements.
According to him, the ministry also plans to amend the Social Security Act and expand the social security benefit to cover 2 million migrant workers, including those from Myanmar, Laos and Cambodia, he said.
Self-employed individuals and workers in industries currently exempt from the Social Security system are to be registered with the system under the amended law….