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GPF earmarks over Bt25bn for retirees in 2025

GPF earmarks over Bt25bn for retirees in 2025

27 Sept 00:22 Key points summarised by AI
  • The Government Pension Fund (GPF) has allocated 25.5 billion baht to over 18,000 public sector personnel retiring in fiscal year 2025.
  • This budget combines retirees' accumulated savings, state contributions, and returns from GPF investments, with funds transferred directly to bank accounts within seven working days of retirement.
  • GPF Secretary-General Songpol Chevapanyaroj encourages retirees to remain in GPF investment plans for continued financial security and protection from scams.
  • Members who have opted for co-investment under GPF have achieved an average 4% annual return over the past three years, demonstrating the benefits of ongoing participation.
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