Dear Nuno,We are happy to receive y

Dear Nuno,

We are happy to receive your assistant and opinions on pension reform before the conference date. However, we are regret to inform you that, due to our busy schedule on July 22nd, we would not be available for an appointed meeting on your suggest date.

The other panel speakers and our management will meet on a date around mid-August to tie in all speaking topics together. If you cannot attend the meeting, it would be beneficial to have a conference call beforehand to discuss about your topic of speech so that we could pass your viewpoint to the other panel speakers and our management.

In order to have a successful reform, we believe that you would want your speech to align with our theme. The concept of the reform will be looked at from the employee perspective, emphasizing on what they want and why the social security office offers market-leading assistant that help them achieve their goal. The current plan leading up to and including the conference day is as follow:

1. Our third-party expert actuaries are lending a hand to inform the public why saving in SSO pension fund is the best saving option compared to other saving options available in the market. Analysis do not use SSO data but only show simple illustrations.

1.1. Based on a total contribution of 750 baht per month compared with annual pension income, an IRR analysis will be shown so that people can see that SSO pension fund currently yields IRR of around 10-20% depending on the age of death.

1.2. SSO guarantees lifelong pension. The same principle isn’t supported by Thai annuity market.

1.3. Positive information will be posted on social media, aired on television, and posted in blogs, (without mentioning the actuaries’ connection with SSO) to give people incentive to choose SSO pension fund as their preferred choice of saving fund.

2. Our secretary general will take a positive approach on the opening speech.

2.1. Employees pay 750 baht per month but receive 900 baht per month for pension fund. The other benefits are provided FREE!

2.2. The goal of the SSO as part of the government is to provide people financial safety without profit, without cost. But there is no free lunch. The more people save, the more they will get in return.

2.3. People want to work longer for higher income and save longer to earn more retirement income. The SSO can help them achieve that.

2.4. People make the decision. SSO pension reform is an option available. They will decide to save more with SSO only because the SSO pension is seen as a sound choice.

3. The ILO always look out to employee financial safety. Now you, Nuno, will provide technical information of good saving options that ILO think will serve employees well, including gradually increasing retirement age, contribution ceiling, and contribution rate. The details are up to you. It is important that the speech persuade people to agree with your reform suggestions and that other panel speakers understand your proposal clearly. We would like that you provide us with a summary of your speech before the meeting with other panel speakers and our management in mid-August.

4. Other panel speakers will do their best to speak on different viewpoints, persuading people to move forward with the reform. The idea is to have them as a discussion group with an MC linking all the talks together.



A translator will be provided for you for the duration of the event, including during your speech. You might want to also share your speaking notes with your translator so that your message can be clearly and correctly presented during the event. We will happy to pass your note onto the translator for you.