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Singapore: Retirement savings gender gap
The female-to-male ratio of long-term savings in Singapore improved to 90.7% in 2019, up from 85.4% in 2009, signaling a narrowing of the gender gap.
Thailand: Impact of amendments to the Labour Protection Act on severance payment and retirement
By Danny L. Quant and Mark Whatley
14 December 2017
Two recent amendments to the Labour Protection Act in Thailand will affect companies’ retirement practices. One amendment provides for an increase in the severance payment for employees with more than 20 years of service. The other amendment established that an employee is entitled to retirement from age 60 and clarified that the severance payment is payable on retirement.
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