Measures to Cope With Aged Society

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    In anticipation that Thailand will turn an aged society in the next eight years, the Finance Ministry and related agencies have come up with a number of measures to cope with the growing number of retirees or elderly people.

    The aged population in Thailand is anticipated to number 14.4 million or 20 percent of the entire population in the year 2025.

    The cabinet recently endorsed a measure to encourage the private sector to hire employees who are over 60 years old by allowing them to deduct twice the amount of actual salaries paid as expenses from their taxable incomes under the condition that the salaries do not exceed 15,000 baht/month per head.

    The Ministry of Social Development and Human Security has been assigned by the cabinet to build housing projects for senior citizens or the retirees on state land in Chon Buri, Nakhon Nayok, Chiang Rai and Chiang Mai.

    Full story: Thai PBS

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