![\"Anusorn](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/02\/c1_3201840_260221084330_800.jpg\")
<\/p>\nPUBLISHED : 21 Feb 2026 at 07:09<\/p>\n
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\t\t\t\t\t\t\t\t\t\t\t\t\tAnusorn Tamajai (photo from his Facebook page)\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Economist Anusorn Tamajai, the former chairman of a committee on pension reform, has called on the Ministry of Labour to urgently implement the “Care” pension formula without delaying the move until the new government takes office.<\/p>\n
Immediate adoption of the Career-Average Revalued Earnings (Care) formula would ensure fairness for insured workers who have contributed consistently and would allow around 570,000 retirees to receive higher pensions, he said.<\/p>\n
The Care formula replaces the existing method, which calculates pensions based on the average wages in the final 60 months before retirement.<\/p>\n
The old approach is not considered beneficial to workers whose salaries decline towards the end of their careers despite long histories of making contributions.<\/p>\n
The new system adjusts past earnings to current value using an index for wage adjustment.<\/p>\n
Mr Anusorn said studies on the new measure were completed long ago, and public hearings finished months earlier, so implementation should begin early this year.<\/p>\n
He said the Social Security Fund is an open-end fund supporting diverse groups, from new workers to retirees, the disabled and survivors, so it must remain fair and sustainable.<\/p>\n
He acknowledged concerns about long-term fund sustainability amid Thailand\u2019s ageing population, noting forecasts \u2014 including by the International Labour Organisation \u2014 that without reform, the old-age fund could face insolvency around 2054.<\/p>\n
He said this can be avoided by improving investment strategies targeting average returns of around 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"PUBLISHED : 21 Feb 2026 at 07:09 Anusorn Tamajai (photo from his Facebook page) Economist Anusorn Tamajai, the…\n","protected":false},"author":2,"featured_media":309246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,145149,145148,176,61,145153,60,145154,145151,174,175,145150,145152,1667,145155],"class_list":["post-309245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-care-formula-pension","tag-career-average-revalued-earnings","tag-finance","tag-ie","tag-insured-workers-thailand","tag-ireland","tag-pension-calculation-method","tag-pension-reform-thailand","tag-personal-finance","tag-personalfinance","tag-social-security-fund-thailand","tag-thai-retirement-benefits","tag-thailand","tag-wage-adjustment-index"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/309245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=309245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/309245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/309246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=309245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=309245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=309245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}