New pension formula promises fairer retirement benefits
Supporters say Care will better reflect workers' lifetime contributions and improve benefits for hundreds of thousands of retirees, particularly Section 39 members. Critics argue that some workers could receive lower pensions and question whether the reform addresses deeper structural problems. The Care formula changes how Social Security pensions are calculated.
- ▪Supporters say Care will better reflect workers' lifetime contributions and improve benefits for hundreds of thousands of retirees, particularly Section 39 members.
- ▪Critics argue that some workers could receive lower pensions and question whether the reform addresses deeper structural problems.
- ▪The Care formula changes how Social Security pensions are calculated.
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| Original publisher | Bangkok Post |
| Canonical URL | https://www.bangkokpost.com/thailand/general/3291490/new-pension-formula-promises-fairer-retirement-benefits |
| Publication time | Sat, 25 Jul 2026 11:03:00 +0700 |
| Retrieval time | 2026-07-25T04:45:23.309Z |
| Last seen | 2026-07-25T04:45:23.309Z |
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| Summary source text | contentText |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Thailand General New pension formula promises fairer retirement benefits Care plan may benefit hundreds of thousands of retirees PUBLISHED : 25 Jul 2026 at 11:03 NEWSPAPER SECTION: News WRITER: Wisawaporn Jukgoljun Small Medium Large 1 Photo: 123RF The cabinet approved in principle the Career Average Revalued Earnings (Care) formula, a major reform of the Social Security pension system aimed at addressing long-standing complaints over unfair retirement benefits.The reform would change how pensions are calculated, affect both future retirees and existing pensioners, and reshape the long-term finances of the Social Security Fund.
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