Cabinet approves ‘Care’ formula pension reform

Thailand's cabinet has approved a new pension reform under the 'Care' formula, set to enhance fairness and bring the country's pension system in line with international standards. This move aims to address the long-standing concerns over pension adequacy and sustainability, ensuring a more equitable retirement for future generations. With this reform, Thailand is taking a significant step toward modernizing its social security framework, which is crucial for economic stability and the well-being of its aging population.