ADB: Pension system inadequate | Bangkok Post: news

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ADB: Pension system inadequate

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Government-run pension schemes in many countries, including Thailand, are poorly managed and not geared to supporting an ageing population, the Asian Development Bank (ADB) has warned. 

Park Donghyun, principal economist at the ADB's economics and research department, said a recent study concluded that hundreds of millions of workers in many Asian countries, including Thailand, are facing financial insecurity upon retirement.

Their pension funds may not be able to support them in the future as they are poorly managed by the respective governments.  

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