Social security board adopts new formula for private sector pensions

14 Sept 22:11 Key points summarised by AI

The Social Security Board unanimously adopted the CARE (Career Average Revalued Earnings) formula for calculating private sector pensions under Sections 33 and 39 of the Social Security Act.
This new formula, developed since 2020, is expected to increase monthly income for an initial 100,000 pensioners starting January next year.
The board's decision to implement the CARE system will be subject to 90 days of public hearings, with members emphasizing its fairness and potential to encourage greater participation in the social security system.

Examining Thailand’s four-part education revolution

Today 14:22 Key points summarised by AI

Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.