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UNCOVERED: Sec sounds alarm on retirement funds | History Defined

SEC Ruenvadee Suwanmongkol Thailand

Less than a quarter of retired provident fund members have sufficient minimum savings for retirement, according to analysts, as salaried employees older than 50 are encouraged to save more money for retirement as Thailand becomes an aged society next year.

Ruenvadee Suwanmongkol, secretary-general of the Securities and Exchange Commission (SEC), said yesterday records show a low percentage of provident fund members have sufficient savings for retirement.

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