
All Thai nationals when they reach 60 years of age currently receive a fixed Bt500 a month, according to a policy that costs the government Bt16 billion per year.
A source said yesterday that the ministry has proposed that those who are aged 60-69 will receive Bt600, rising to Bt700 for those 70-79, Bt800 for those 80-89 and Bt1,000 for those 90 and up.
The government will allocate the additional funds from the fiscal 2012 budget.