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Indonesia (584) > Old-age, invalidity and survivors benefit (21)

Name: Funding and Solvency of Pension Fund of Job Provider (Decree of Minister of Finance No. 510/KMK.06/2002).
Country: Indonesia
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 2002-12-04
Entry into force:
Published on: Business News, 2003-01-29, No. 6867, pp. 2A-8A
ISN: IDN-2002-R-63178
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=63178&p_lang=en
Bibliography: Business News, 2003-01-29, No. 6867, pp. 2A-8A
Abstract/Citation: Seeks to ensure continuity of income of participants of pension fund at retirement, and of rightful parties at death of participants. Divided into 7 parts. Part 1 contains general provisions. Part 2 provides for responsibility of founder for funding of pension fund. Part 3 makes provision for funding of pension programmes with exact contributions; Part 4 for funding and solvency of pension programmes with exact benefit. Part 5 regulates actuarial report and actuarial statement. Part 6 provides for lumpsum payment, transfer of fund and change in programmes. Part 7 contains final provisions.

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