Republic of Indonesia: Report to the Government – Financial assessment of the social security pension schemes administered by BPJS Ketenagakerjaan as of 31 December 2020 and costing of sickness and maternity benefits

This report analyses existing provision and its future evolution and recommends an effective multi-tier pension system that covers all residents and provides adequate pensions on a sustainable basis.

In addition, it proposes and costs the introduction of maternity and sickness benefit schemes with a view to not only providing workers with better protection for life-cycle risks but also to attract them to participate in the social insurance system and to facilitate formalization of the informal economy.