Pension scheme for farmers proposed

national July 24, 2014 00:00

By The Nation

Farmers in the future might look forward to retiring on a government pension.



Charnpittaya Chimplee, director-general of the Rice Department, said yesterday that under a draft bill dealing with the rice development fund, members would contribute about |3 per cent of their monthly income to the fund and the state would also chip in a yet-unspecified amount.

When farmers reach the age of 60 or 65, they will start receiving a monthly pension of about Bt4,000.

Most farmers earn less than other workers, so the fund is necessary for their future, Charnpittaya said.

Other proposals for the bill are being gathered and the contents will be improved before its submission to a committee on rice production and markets and the National Council for Peace and Order.