Finance Ministry seeks raising of retirement pensions
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Finance Ministry will ask the Cabinet to raise pensions for retired civil servants to follow the recent salary increase for government officials, said Comptroller General Manas Jamveha on Monday.
The hike could be done through an increase in the cost-of-living allowance or a direct increase in pensions. The proposal could be submitted to the Cabinet tomorrow, he added.
It was reported that Rangson Sriworasat, permanent secretary for finance, supported the increase to take retroactive effect from December 1 and it would cost the state Bt3.85 billion annually. About 533,000 pensioners will benefit from the hike.
Earlier the Cabinet approved the 4 per cent salary rise for 1.98 million government officials which took effect on December 1. The increase costs the state Bt22.9 billion per annum.
Earlier the Cabinet approved the 4 per cent salary rise for 1.98 million government officials which took effect on December 1. The increase costs the state Bt22.9 billion per annum.
