SSO mulls overseas fund
The Social Security Office (SSO) will seek approval to invest about Bt200 billion overseas to secure enough money for future retirement funds, an official from the SSO said yesterday.
Payouts from the SSO's retirement fund will begin when the first group of beneficiaries reaches 60. However, the entire fund would be empty within 10 years if additional monies were not obtained, the official said. Investment in foreign stock markets was a way to ensure money would be available after that.The SSO's first request to venture into foreign equity markets was recently turned down by its own committee, which said the initial investment plan lacked vital details on risk management. Damrongphan Jaihao The Nation
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