Old-Age Benefits
Old-age pension: The pension is 20% of the insured's average monthly wage in the last 60 months before retirement.
The minimum monthly earnings used to calculate benefits are 1,650 baht.
The maximum monthly earnings used to calculate benefits are 15,000 baht.
Old-age pension increment: The old-age pension is increased by 1.5% of the insured's average monthly wage in the last 60 months for each 12-month period of contributions exceeding 180 months.
There is no minimum pension.
Deferred pension: The old-age pension is increased by 1.5% of the insured's average monthly wage in the last 60 months for each 12-month period of contributions exceeding 180 months.