Thailand's Labour Ministry plans to raise the retirement age for both private and government sectors to 65 years, the same as in Singapore and Switzerland, according to Labour Minister Phiphat Ratchakitprakarn.
A meeting of cabinet ministers on June 15 approved a proposal to reduce contributions from people who are insured under Section 40 of the Social Security Act for six months, to mitigate the impact of the COVID-19 situation.
