Bangkok: The Ministry of Finance has approved the appointment of Petch Chinabut as the new Secretary-General of the Government Pension Fund (GOR) to advance the creation of a public pension scheme.
According to Thai News Agency, the National Savings Fund Board (NSF) has resolved to appoint Dr. Petch Chinabut as the new Secretary-General of the NSF, with the approval of the Minister of Finance. He is set to begin his duties in June 2026, aiming to utilize his expertise in strategic management and organizational development to strengthen and modernize the NSF, thereby providing a secure foundation for retirement.
Dr. Petch holds degrees in Technology Management, Organizational Development, and International Human Resources. His professional background includes significant roles such as Chief Executive Officer and Managing Director of East Water Public Company Limited, Deputy Secretary-General of the Eastern Economic Corridor Policy Office, and Director-General of the National Food Institute. Additionally, he co-founded the Capital Market Academy and the Thai Capital Market Development Fund, and he has served as a board member and advisor in various government and private sector organizations. This extensive expertise provides Dr. Petch with a comprehensive understanding of Thailand's economic infrastructure and the challenges facing the informal labor sector. His strategic communication and community fund management skills are expected to aid in developing a public pension system in Thailand.
As the Secretary-General of the National Savings Fund, Dr. Petch will manage the fund under the strategic direction of the Board of Directors. Key objectives include increasing membership, particularly among youth aged 15 and above, to provide life security for informal sector workers such as farmers, vendors, freelancers, and young entrepreneurs. He aims to encourage these groups to join the savings system for retirement security. The NSF plans to upgrade its technology and services by developing a modern savings platform and application to cater to the digital age's saving behaviors. Efficient investment management will ensure good returns on members' savings. Additionally, the NSF will educate the public on financial planning and saving, promoting the "NSF Lottery" policy to encourage sustainable saving behavior.