Reducing Elderly Poverty in Thailand : The Role of Thailand's Pension and Social Assistance Programs

Reducing Elderly Poverty in Thailand : The Role of Thailand's Pension and Social Assistance Programs

This policy note examines Thailand's programs for preventing poverty among the elderly, and suggests options for improving the effectiveness of these programs. The number of elderly people in Thailand will increase dramatically over the next...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCOUNT HOLDERS AGE DISTRIBUTION AGING POPULATION AGRICULTURAL COOPERATIVES ANNUITIES ANNUITY ASSET VALUE BANK DEBT BANK DEPOSITS BANK OFFICE BASIC BENEFITS BENEFICIARY BENEFIT FORMULA BENEFIT LEVEL BENEFIT LEVELS BOTH SEXES CERTIFICATES OF DEPOSIT CITIZENS CIVIL SERVICE PENSION CIVIL SOCIETY ORGANIZATIONS COMMERCIAL BANKS COMMUNITY DEVELOPMENT CONSUMPTION EXPENDITURE CONSUMPTION SMOOTHING CONTRIBUTION COLLECTION CONTRIBUTION PAYMENTS CONTRIBUTION RATE CONTRIBUTION RATES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE DEBT CORRUPTION CREDIBILITY DEBT DEBT INSTRUMENTS DEFINED BENEFIT DEFINED CONTRIBUTION PENSION DEPENDENCY RATIO DEPENDENCY RATIOS DISABILITY DISSEMINATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELDERLY ELDERLY PEOPLE ELDERLY PERSONS ELDERLY POPULATION EQUITIES EXCHANGE COMMISSION EXISTING INFRASTRUCTURE EXPENDITURE EXPENDITURES FAMILIES FAMILY MEMBERS FAMILY SUPPORT FEMALE FERTILITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL TRANSACTIONS FISCAL CONSTRAINTS FORMAL PENSIONS FRAUD FUND MANAGERS FUTURE PAYMENTS GENDER GOVERNMENT BONDS GOVERNMENT PENSION GOVERNMENT POLICY GOVERNMENT SAVINGS GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH INSURANCE HOUSEHOLD INCOME HUMAN SECURITY INCOME LEVEL INCOME LEVELS INCOME TAX INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INEQUALITY INFLATION INFORMAL SECTOR INFORMAL SECTORS INSURANCE INTERNATIONAL BANK INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARDS INVESTING INVESTMENT INCOME INVESTMENT MANAGEMENT INVESTMENT MANAGERS INVESTMENT OPPORTUNITIES INVESTMENT POLICY INVESTMENT RATE IRREGULAR INCOME LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LEGAL FRAMEWORK LEGAL STATUS LIABILITY LIFE EXPECTANCY LIQUIDITY MARKET SECURITIES MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM BENEFIT MOBILE PHONE MONTHLY CONTRIBUTIONS MORTALITY MUTUAL FUND MUTUAL FUNDS NATIONAL PENSION NATIONAL SAVING NATIONAL SAVINGS NUMBER OF CHILDREN OLD AGE OLD-AGE OLD-AGE PENSION OLDER PEOPLE PENSION PENSION ACCOUNT PENSION ACCOUNTS PENSION AGE PENSION BENEFICIARIES PENSION BENEFIT PENSION BENEFITS PENSION COST PENSION FUND PENSION PAYMENTS PENSION PLAN PENSION PLANS PENSION POLICY PENSION PROGRAM PENSION PROGRAMS PENSION REGULATOR PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SUPERVISION PENSION SYSTEM PENSION SYSTEMS PENSION TRANSFER PENSIONERS PERSONAL ASSETS PERSONAL INCOME PHONE BANKING POLICY MAKERS POLITICAL SUPPORT POOR FAMILIES POPULATION PROJECTIONS POST OFFICE PRIMARY EDUCATION PRIVATE PENSION PROVIDENT FUND PROVIDENT FUNDS PUBLIC EDUCATION RATE OF RETURN RATES OF RETURN REAL ESTATE REMOTE AREAS REMOTE LOCATIONS RESERVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT PENSION RETIREMENT PROGRAMS RETIREMENT SAVINGS SALARY HISTORY SAVINGS BANK SECURITIES SEX SEXES SHORT-TERM SAVINGS SOCIAL ASSISTANCE SOCIAL COST SOCIAL DEVELOPMENT SOCIAL PENSION SOCIAL PENSIONS SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY SOLVENCY STATE BANK STATE ENTERPRISE TAX TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS VOLATILITY VOLUNTARY PENSION VULNERABILITY WEDDINGS WILL WITHDRAWAL WORK FORCE WORKER CONTRIBUTIONS WORKFORCE
Online Access:	http://documents.worldbank.org/curated/en/949741468120871479/Reducing-elderly-poverty-in-Thailand-the-role-of-Thailands-pension-and-social-assistance-programs http://hdl.handle.net/10986/26767

Description
Summary:	This policy note examines Thailand's programs for preventing poverty among the elderly, and suggests options for improving the effectiveness of these programs. The number of elderly people in Thailand will increase dramatically over the next 30 years, and the elderly already have a higher poverty rate than the population as a whole. Although Thailand currently has a total of eight pension programs, the majority of the benefits go to those who are not poor. In addition, unlike most countries, Thailand lacks a pension and provident fund supervision agency or a consolidated financial institution regulator, and does not appear to have a well-articulated national pension policy. This has led to the development of two major sets of pension programs, with one group sponsored by the ministry of labor and the social security office, and the other by the ministry of finance and the securities commission. These are also supplemented by an assortment of social assistance and community programs sponsored by the ministry of social development and human security and the ministry of interior. This policy note will examine the above issues in more detail and recommend policy options to simplify and coordinate the various pension and social assistance programs aimed at preventing poverty among the elderly, target more spending at the elderly poor, and assure long-term fiscal sustainability.

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