The Finance Ministry is considering a higher government contribution to the National Savings Fund (NSF) in order to increase retirees' income, says Arkhom Termpittayapaisith.
The finance minister said NSF members will also be encouraged to contribute more to the fund, as higher contributions from both the government and individuals would ensure members have enough income during retirement.
He said the ministry is finalising how much more the government should contribute to the fund. Once a decision has been reached, the ministry will make a proposal to the cabinet, said Mr Arkhom.
