Insight

Do We Need Another ‘Dana Pensiun’?

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Algo Research Team

Industry | Oct 02, 2024 | Views: 124

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Key Summary:

  • Government may add another mandatory pension fund
  • Replacement cost higher to 40% from 10-15%
  • Losses from existing funds and insurance IDR39tn

The Indonesian Government may add another mandatory pension fund on top of the current BPJS and other various funds contributions; a move that will likely bring more controversies and backlash from the people.


Context: According to Ogi Prastomiyono, Chief Executive of Insurance & Pension Fund Supervision, the Indonesian Financial Authority (OJK) has been preparing Development and Strengthening of Financial Sector (PPSK).

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