The Finance Ministry will seek Cabinet approval for a new monthly pension plan aimed at state employees who currently receive only a lump sum upon retirement.
Deputy Finance Minister Pruttichai Damrongrat said yesterday the plan would cover those not belonging to the Government Pension Fund, which covers civil servants and members of the police and military.
Out of 205,478 permanent officials now at work, 8,660 will retire thise year. Only those who have served the government for 25 years and leave when they reach 60 years are eligible to join the new scheme.
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