Government employees allowed to save more

The Government Pension Fund's members will be allowed to save more, starting in April upto 15 per cent of their income, to promote more savings.

Wisit Tantisunthorn, secretary-general of the fund, said the members can save 4-15 per cent of income, up from the 3 per cent compulsory rate at present.

Members will also be offered 3 investment choices in line with their retirement plans. Primarily, they can opt for the original investment plan, higher investment in stocks, or lower investment in stocks.

"Still, these options would be available when members have sufficient understanding in the investment choices," Wisit said.

He also said that Chulalongkorn University's survey showed that most of the fund's members, about 50 per cent, favour depositing their savings at commercial banks.

The fund is now managing assets worth nearly Bt400 billion.

- The Nation

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Government employees allowed to save more

The Government Pension Fund's members will be allowed to save more, starting in April upto 15 per cent of their income, to promote more savings.

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