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Home » News from Thailand » Thai must work longer: retirement age from 55 to 60 years
In Thailand, too, employees will have to work longer before they can retire. The plan to raise the retirement age from 55 to 60 will continue. However, this will be introduced gradually and there will also be more options, the Social Security Office announced yesterday.
The SSO will hold hearings on the changes this month and next month.
The Thai Labor Solidary Committee and an action group called the Network of Social Security People have previously protested against the increase in the retirement age. They believe that many workers, especially factory workers, have already planned their retirement and are physically unable to continue working past age 55.
Source: Bangkok Post
Which pension? That 800 baht a month or whatever they get? Can't they live or get by?
What a prejudice again: the 800 baht or so what they get. If you are not sure about something, don't throw it on Thailandblog.
My mother-in-law also gets that, but has never worked, so has never paid taxes, which is the case for many older Thai people.
Dear castile, there are also people in the Netherlands who have never, or hardly ever, worked. Many, and by that I do not mean those who are unable to work due to a real illness, but much more those people who consciously rely on the community for financial support. Although they live in a country where compared to Thailand they had much better job opportunities, not to mention better earning opportunities. At the end of their lives, without having paid a penny in taxes, they receive an AOW from the community, which in terms of level is in no way comparable to the peanuts that many Thais receive. The phenomenon is that the Thai gratefully accepts these Peanuts, while many of these latter AOWers only whine, because in their opinion it is not enough, and the state is no good
The normal worker. such as teacher, soldier, administrator, etc… will receive enough pension to live normally.
I have to agree with Damy on this one.
Who can actually 'retire' in Thailand? But very few can afford to stop working, because then the income also ceases…
Here too they will make the same mistake as in the Netherlands, by not taking into account heavy professions.
A construction worker in Thailand works 7 days a week, a production employee works 12-hour days, 6 days a week.
The creators of this nonsense are meeting tigers who can easily continue until their 80th, if you started working at 15, like me, and worked irregularly for 60 years at 40, then you are finished and you can no longer through, even if you wanted to.
I have a gloomy view of the Thai "jack in the hat", also because the unions, if they exist at all, can't really make a fist.
The productivity and work rhythm of a Thai worker is not at all comparable to his Flemish or Dutch counterpart. Here a lunch break lasts 1 hour just to cite 1 example
Dear Henry, to make a comparison you should not forget that a Dutch or Flemish counterpart often earns more in 1 hour than his Thai lecture in a whole day. In addition, the former have all the rights that are usually stated in a contract. Rights that include a 5-day working week and often also a well-arranged pension provision. The Thai colleague often works 6 to 7 days a week, for a very meager wage, and often at temperatures that are in no comparison with those in the Netherlands or Belgium. Even when the work comes to an end, he gets fired, without often being able to fall back on social assistance. If you were to take all these differences into account, you would soon notice that your comparison is actually far off.
http://www.ilo.org/wcmsp5/groups/public/—asia/—ro-bangkok/documents/publication/wcms_205099.pdf.
62% of the Thai population work informally, ie without social security, so without a formal employment contract. This also includes all small self-employed persons (fruit sellers, restaurants, taxi drivers, farmers, etc.). These people do not retire because they do not receive a pension because they have never worked for a company or government agency. They only receive the paltry Thai AOW, and now according to plan 5 years later.
The Thais (or foreign employees) who do receive a company pension receive much more money (usually in a lump sum payment at age 60, laid down in their employment contract) and do not care about a few hundred Baht a month that do not pay off. to make.
I think that's the situation.
In my opinion, only those who have retired can join, who have a pension, which one can also live on. A normal farm worker or a construction worker, if he still has a job at this age, and is not physically a wreck, will be able to fall back on a few peanuts at most. Peanuts who don't deserve the word pension in any way so they have to take care of most of the kids. Only people who have earned their money in a certain industry or as a civil servant can only dream of a real pension. That is why Fon Tok's response is certainly not a prejudice, but also, in my opinion, is very close to the truth.
When I look around me, there are a lot of Thai people who earn enough and have accrued pension who do not retire at all. Look at the members of the Thai parliament and the ministers (and not just of this government). I estimate that more than half are over 60 and they are still working. For many Thais, working is much more than just earning money. And so retiring is probably much more than doing nothing and watching TV all day.
Dear Chris, there will certainly be people in Thailand who have accrued a pension, only a very large part of the population does not have this and, together with a few Peanuts, are supported by their own children. If you really looked around you, you would also notice this, so that the example mentioned of ministers and parliament, who are also often older, sounds almost sarcastic. Sarcastic because many don't need the money for a long time, and just don't give up their position, because many are possessed of power, and have the greatest difficulty in giving their place to a young person. This last phenomenon, of having difficulty relinquishing power and making room, is not typically Thai, but often an international phenomenon, which usually has nothing to do with diligence in the first instance. Many craftsmen, construction workers, and agricultural workers, who often earn their meager wages 7 days a week in the blazing sun, are often physically worn out at the age of about 60, and cannot be compared in any way with those of your elite. If these elites had the same hopeless alternatives, and also had to earn their money in the blazing sun on a rice field, I'd like to see if they wouldn't rather have a pension at a certain age and watch TV all day.
Dear John
I look very carefully around me and I see many many older teachers/deans at my university who are still working after their 60th birthday. And strictly speaking, they don't need that work financially. But work is not only money, but also contacts and networks. When you sit at home, those networks that also have side jobs and other benefits dry up. Thais also view the elderly differently than we do in the Netherlands. Do not forget that.
Even older people are hired at my university because of their built up networks that benefit the university eg when it comes to acquiring research. My new colleague is 67.
Dear Chris, according to your response you clearly live in a different world, which has nothing, but nothing at all, to do with the conditions that a large part of the country's population has to deal with on a daily basis. The vast majority of the country's population I are not a lecturer in a university, much less a minister in a government. They are often people who, under difficult circumstances, are happy that they can live on their meager wages. Those few who are able to work at all at the age of 60 will do so at most out of sheer poverty, and not because they are afraid of being left out of a network. To get a better picture of reality, I would leave the university sometime, and not look too much at the life of a minister.
A Thai pension is often a one-off payment at retirement age, my wife's youngest brother has a managerial position at the water supply company and, according to her, receives an X amount when he retires and he has to deal with that, we get a pension and state pension for the rest of our lives, regardless of how old you get, it is important whether the Thai can handle the sum of money.
I also hear from people in government service that they can choose between commuting the pension for a one-off amount or a monthly payment.
Nico B
My father-in-law is 75 and moved 800 km after his retirement and still works every day as a manager of Palm tree plantations
My brother-in-law “works” (in quotes because he himself claims to have nothing to do, just like his counterparts in the Netherlands) for the Thai government. After 25 years of work, he can retire and receive more than enough pension, he claims, to live a peaceful life. He lives for free. Free good health insurance for him and his parents. (my parents-in-law) He is surprised that I, a farang, still work at 63 and even have to continue until 67! "By then your beer won't even taste like you anymore," he says.