Politics · Other · 6 hrs ago
Thailand plans early-retirement program to reduce public workforce
Thailand plans to start an early-retirement program for civil servants in fiscal 2027.
The government aims to reduce the public workforce by about 5% each year.
The first group would be workers aged 50 and older, while some workers from age 40 could qualify for health reasons or because they care for a family member.
The first stage is expected to cost about 7 billion baht.
The government is still discussing compensation with the Finance Ministry, and the amount has not been settled.
The plan is part of an effort to control spending and build room in the budget to cope with possible economic shocks.
Officials are finalizing the details before sending the proposal to the cabinet for approval.
Thailand plans to launch an early-retirement program for civil servants in fiscal year 2027 to reduce the public workforce and government spending.
Deputy Prime Minister Pakorn Nilprapunt said the government aims to cut public-sector staff by about 5% each year through the program.
The initial phase is expected to cost 7 billion baht, and the proposed compensation is still under discussion.
The program is expected to target employees aged 50 and older, with some employees aged 40 and above also potentially eligible.
Officials are finalizing the details before submitting the plan to the cabinet for approval.
- Who
- Thailand’s government, led on the proposal by Deputy Prime Minister Pakorn Nilprapunt.
- What
- It plans an early-retirement program for civil servants, aiming to reduce the public workforce by about 5% per year.
- When
- The program is expected to begin in fiscal year 2027.
- Where
- Thailand.
- Why
- To reduce government spending, support fiscal consolidation and create more room to respond to economic shocks.
This story does not have two clearly opposing sides.
Thailand had about 1.68 million civil servants, according to figures cited in the articles.
Relevant agencies were finalizing the program’s details before sending the plan to the cabinet for approval.
The early-retirement program is expected to begin.
- Annual workforce reduction target
- About 5%
- Estimated first-phase cost
- 7 billion baht
- Initial age group
- 50 and older
- Potential additional eligibility
- Employees aged 40 and above with health problems or family-care needs
- Public workforce
- About 1.68 million civil servants as of June 2023
- Proposed start
- Fiscal year 2027
Sources
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