Bangkok Post newspaper, quoting Kulaya Tantitemit, director-general of the fiscal policy office.
He says contributions to the National Pension Fund will mainly come from large private companies with over 100 employees, as well as businesses that receive state concessions.
“The National Pension Fund will be open to large-sized companies during the first three years, and the smaller companies can come onboard in the fourth year onwards,” Kulaya is quoted as saying in the news report on April 20.
He says legislation for the fund is now pending review by the Council of State, a department under the prime minister. Once that is completed, it will have to be passed by the Thai parliament.
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