Wednesday, February 19, 2020

Old-age pension eligibility to be extended to 60 years old

Jun 26. 2017
SSO chief Dr Suradech Waleeitthikul
SSO chief Dr Suradech Waleeitthikul
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By The Nation

The Social Security Office (SSO) will amend the law to extend the eligible age to collect the old-age pension from 55 to 60, meaning insured people can remain in the workforce until age 60.

The move will boost life stability for insured persons and support the ageing society, said SSO chief Dr Suradech Waleeitthikul on Monday.

The amendment is in line with the policy instruction of Labour Minister General Sirichai Distakul to create improved life stability for people while working and in retirement.

The move requires an amendment to the Social Security Act 1990, he said.

The SSO is conducting a feasibility study that will be presented to the minister soon, he added.

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