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As the title of this video suggests we are discussing Thai Retirement Visas and the differing pension schemes that might be used when applying for a Thai Retirement Visa. I thought of making this video after reading a really rather interesting comment in one of our prior videos on Thai Retirement Visas. Quoting directly: "I am a Government IT employee in the US. In my retirement system up until the great recession, you only needed 30 years of service to get a pension. If you got a job at 18 like some people I know did, they were done before 50 and could start collection even if they started a new career. Law enforcement also has a lot of people that get their time which may only be 25 years and they can retire. Today in my system it is 32 years and 56 years old minimum for civilians or less than 32 years at 67 for the traditional pension. Unfortunately I didn't get in until 35 so to begin collecting a traditional pension I need to wait until 67." Quoting further: "Also most US Governments don't have 401K, they have 403B or 457. I have a 457 account and can begin taking money out whenever I want so essentially I have two pensions. My plan is probably to put in 20, 22 years, 2 or 4 more years in and then wait until 67 to collect the traditional pension and make my 457 my main pension and begin taking money out when I retire, hopefully in Thailand. I am unsure about the US Armed Force's. Thus is not easy anymore to pull it off at 50 unless you have never been married or collected a nice inheritance trust." 

We have discussed things associated with US Armed Forces’ pensions I need to Thai Retirement Visas in the past. I just thought this comment was rather interesting because when I was reading it I just wasn't aware that wow there's multiple just Government pensions associated with the United States that I wasn't even aware of all the different sort of varieties if you will, the sort of variations on a theme if you will associated with pensions. 

Now pensions, again for those who are unaware, Thai Retirement Visas require either 800,000 Baht in a Thai Bank Account in order to support a Thai O or O-A Retirement Visa or alternatively it is possible to use a pension or evidence of a pension as part of the financial documentation associated with either application or extension of a Thai Retirement Visa and a pension one must be able to show that 65,000 Baht per month is coming into one's bank account. One has to show that to Thai Immigration and a history of that probably going back a year minimum in order to go ahead and extend their Retirement Visa here in Thailand. Again circumstances may vary; there is no one size fits all answer with this stuff but long story short, yeah there are myriad ways one can use a pension in order to maintain their Retirement Visa status here in the Kingdom of Thailand.