Bangkok: The Government Pension Fund (GPF) is setting aside 25 billion baht to pay 18,000 civil servants who are set to retire in 2025, with payouts reaching up to 7.59 million baht per retiree. The GPF encourages members to continue saving with the fund to maximize their returns.

According to Thai News Agency, Mr. Songpol Chivapanyarot, Secretary-General of the Government Pension Fund, announced that 25 billion baht in cash has been prepared by the GPF to accommodate 18,174 civil servants retiring on September 30, 2025. This adds to the fund’s current membership of 1.27 million. On average, retirees are expected to receive 1.49 million baht each, with a maximum payout of 7.59 million baht. Payments will be disbursed within seven business days after all necessary documentation is complete and the retirement announcement is effective.

For those GPF members approaching retirement who do not plan to use their lump sum immediately, they have the option to continue saving with the GPF. This allows the fund to manage their investments for sustained returns. As of August 31, 2015, nearly 8,000 former members continued their savings, yielding an average three-year return of approximately 4%. Retirees benefit from two sources of funds: the GPF and a pension from the Comptroller General’s Department. Members opting not to use their lump sum immediately are advised to consider continuing their savings, allowing the GPF to manage their funds for ongoing returns, improve their quality of life, and safeguard their funds from fraud. The GPF is equipped with effective fraud prevention measures aimed at ensuring a secure retirement.

Members interested in the continuing savings service can express their intentions through two methods: 1) via the Pension and Medical Welfare System (Digital Pension) of the Comptroller General’s Department, or 2) through their parent organization by completing the GPF Form Ror 008/1/2012 and choosing one of four formats: 1. Continue saving the entire amount, 2. Receive money in installments, 3. Request a partial payout with the remainder managed by the GPF, or 4. Partial payout with the remainder received in installments. For further details, members can contact the Member Information Center at 1179.

The Government Pension Fund (GPF), established under the Government Pension Fund Act of 1996, aims to ensure pension payments and provide benefits for civil servants upon retirement. It promotes member savings and offers welfare and other benefits. The GPF, a state-owned entity, is governed by its Board of Directors and currently holds a net asset value of 1.47 trillion baht as of August 31, 2025.