Yahoo! News - Death Benefits Come Early for State Workers Tue Apr 22, 8:45 AM ET
BANGKOK (Reuters) - In a bid to bolster the economy at a time of global gloom, Thailand is to allow retired civil servants to spend up to half their death benefits while they are still alive.
The Thai cabinet approved a plan on Tuesday to give 237,000 retired state employees the right to draw up to 200,000 baht ($4,665) in advance from payouts their families would receive after their deaths, Deputy Finance Minister Varathep Ratanakorn told reporters.
The government planned to set aside 34 billion baht from its budget to fund payments from October.
The plan must be approved by parliament, but is expected to meet little resistance.
Prime Minister Thaksin Shinawatra has sought ways of boosting local consumption to offset the effects of a sagging world economy.
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