Farmers in the future may benefit from a pension when they reach retirement age, Rice Department director general Charnpittaya Chimplee said on Wednesday.
Under a draft bill dealing with the farmers and rice development fund, farmer members will pay about three per cent of their monthly income to the fund and the state will also contribute an unspecified amount. When the farmers retire at the age of 60 or 65, they will have a monthly pension of about Bt4,000.
Most Thai farmers have a lower income than those in other jobs, the director general said. Therefore, the fund is necessary for their future.
Other proposals for the bill are being gathered and the text will be improved before its submission to a subcommittee on rice production and markets and the National Council for Peace and Security.