Actuarial study on the reform of the Indonesian BPJS Ketenagakerjaan: technical report

This report consists of six chapters. Chapter 1 presents a brief description of the social security system in Indonesia. Chapter 2 presents the general population as well as macroeconomic frames. Chapter 3 presents demographic and financial projections of old age, invalidity and survivor pensions, and funeral benefits in line with the provisions discussed and proposed at the time of the expert’s mission. The section on pensions, including the financial projections, was then updated to include the final provisions in the issued government regulation. Chapter 4 deals with policy considerations and Chapter 5 provides a series of sensitivity analyses. Chapter 6 summarizes the conclusion and recommendations of the report.