BANGKOK, 19 July 2015 – Prime Minister Prayut Chan-o-cha is scheduled to launch the government’s National Savings Fund on 18 August 2015. The fund is aimed at financially assisting 30 million Thais who are not in the pension system.
Deputy Government Spokesman Sansern Kaeokamnerd said the National Savings Fund system was almost ready for release. The PM would accept the first application for fund membership by himself on 18 August 2015, said the deputy spokesman.
The National Savings Fund is the government’s policy to help self-employed workers, those outside of the government’s pension system or members of private funds. The fund will help them save for retirement with contributions from the government. When they are 60 years old, the fund will give them a monthly retirement payment until death.
People who are interested to apply for the fund may apply at Krungthai Bank, Government Savings Bank, and Bank for Agriculture and Agricultural Cooperatives nationwide using only their citizen ID card.
