The Rice Department plans a pension of about 4,000 baht per month for Thai rice growers after their retirement, on the condition they contribute to a rice development fund during their working years.
Charnpittaya Chimpalee, director-general of the department, said on Wednesday that the plans was to set up a fund for the development of rice and rice growers to help the farmers financially, and the pension would be part of the assistance.
He said the 3.7 million rice-growing families could subscribe to the fund, that would be similar to the Social Security Fund. Members woud contribute three percent of their income to the fund, and the state would make an equal contribution.
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