Recently, the Thai government announced an innovative plan aimed at encouraging people to increase their savings by launching a "retirement lottery".

It is reported that the core of the plan is that after the public purchases the "retirement lottery", the funds invested will be deposited into a savings account managed by the state. When the purchaser reaches the age of 60 and retires, they can retrieve the full amount invested in purchasing lottery tickets previously. This mechanism not only meets the public's expectations for winning the lottery, but also provides them with a long-term savings plan to meet their future retirement needs.

Thai Deputy Finance Minister Papum Rohanansaku said in an interview, "The Cabinet has approved the draft bill to establish a 'retirement lottery', which is an important plan aimed at safeguarding the funds of lottery buyers." He pointed out that the bill will establish a National Savings Fund, which will be reviewed by the government's legal advisory group and then submitted to Congress for review.

According to the plan, this "retirement lottery" will be open for purchase to members of the National Savings Fund, as well as to self-employed individuals protected by social security funds. The selling price of each lottery ticket is set at 50 Thai baht, and each person can purchase up to 3000 Thai baht worth of lottery tickets per month. This design aims to ensure that the public can invest within their affordability while avoiding excessive addiction to lottery purchases.

In addition, the plan also includes an attractive winning mechanism. Every Friday at 5pm, the list of winners will be announced, with five prizes of 1 million Thai baht and 10000 prizes of 1000 Thai baht. Winners can immediately receive their prize money, but it should be noted that they must wait until they reach the age of 60 to retrieve the funds invested in purchasing lottery tickets. During this period, these funds will be managed and operated by the National Savings Fund.

For this plan, supporters believe that it makes full use of the Thai people's love for gambling and guides the people to invest funds in long-term savings through innovative ways. They stated that this not only helps to enhance people's savings awareness, but also provides a stable source of funding for the country's economic development.

However, some people have expressed concerns about this plan. They are concerned that poor management or loopholes may lead to the loss or misuse of funds. Therefore, they call on the government to ensure transparency and security of funds when implementing the plan, while strengthening supervision and management of savings funds.