'Reform needed' to avoid pension deficit | Bangkok Post: news

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'Reform needed' to avoid pension deficit

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The social security fund could eventually be in dire financial straits because in the future there will be more money going out than coming in, according to a researcher with the Thailand Development Research Institute (TDRI). 

Worawan Chanduaywit, of the TDRI, said many academics share her concerns that the Social Security Office's (SSO) pension fund could run into deficits in the next 25-30 years.

The fund will begin making payments to pensioners in 2014. The SSO began collecting money from subscribers to the retirement plan in 1999, when the pension fund was first established.

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