PRLog (Press Release) -
Mar 13, 2008 -
Bharatbook.com is proud to announce the new report “Aging of BRIC populations”
(http://www.bharatbook.com/
detail.asp?id=
50569) from its vast collection of informative market research reports. The proportion of elderly in Thailand has hit the 10% mark in a population of 65 million. Over the next two decades, the ratio is set to rise to 15-20% if current trends persist, according to recent research commissioned by the Government Pension Fund (GPF).
The GPF, in releasing the statistics, highlighted that many Thais are ill prepared for retirement. At a seminar it organised last week that focused on retirement savings, several speakers called for a viable pension system for the country. Participants were told that a large majority of Thais lacked access to financial products, and did not understand how to use the various available options.
Thailand has been planning to launch a mandatory retirement scheme, to complement existing voluntary arrangements. However, plans for its implementation have been affected by political changes in recent years.
For more information kindly visit:
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