Awareness of the Need for Enhanced Pension Funds
By : Herry Barus And Aldo Bella Putra | Saturday, September 22 2018 - 18:30 IWST

PT Asuransi Jiwa Manulife Indonesia (Foto Ist)
INDUSTRY.co.id - Surabaya - Manulife Indonesia said that Indonesian public awareness in planning pension funds is still low, because of the total number of workers in Indonesia; only about 4 percent of formal workers are members of the Financial Institution Pension Fund Program (DPLK).
Manulife Indonesia Director & Chief Employee Benefits, Karjadi Pranoto in Surabaya, Friday (9/21/2018) said that based on the 2017 Financial Services Authority (OJK) data, the number of DPLK participants in 2017 was 3,055,617 workers, while the number of formal sector workers recorded by the Central Statistics Agency (BPS) in 2017 as many as 73.98 million people.
"From this data there are only about 4 percent of formal workers who joined through the DPLK membership. Seeing a low percentage of employee participation in pension funds, this condition is an opportunity and potential for the Manulife Indonesia DPLK to continue working on the market and periodically socialize the role pension funds to build awareness of employers, "Karjadi said.
He said the DPLK program from Manulife Indonesia is trying to encourage awareness of planning for pension funds, with education in the form of education on the importance of planning pension funds for companies or employers.
"As one of the largest DPLK in Indonesia, we strive to increase managed assets, hold education about the role of pension funds for companies and provide superior services supported by mobile services for the convenience of participants. We are also ready to serve companies that want to provide severance programs for employees, "he said.
This effort, he said, is in line with Manulife's commitment to fulfilling the obligations of employers to its employees, and refers to government policies as regulated by the Manpower Act No. 13/2003, specifically Article 167.
Karjadi, as reported by Antara, said that the management of pension funds is an added value for the company so that they not only become companies that provide financial benefits on a regular basis but can provide long-term welfare benefits for their employees in the future and in anticipation of future risks such as termination of employment. (Layoffs) to employees.
Through the DPLK Program, the burden of the company or employer to pay a large amount of funds when the retired worker will decrease so as not to interfere with the company's cash flow.
Of course, DPLK can also be a better solution so companies can pay their pension obligations gradually from an early age to employees through the Pension Fund.
Read Also
FUSE Being The Only Insurtech From Indonesia Included In "The World's…
PT Jasa Raharja Provides Assistance to Accident Victims in Sukabumi
Make it easy for customers to access insurance solutions, AXA General…
Thousands of People Enliven Jamkrindo Healthy Walk
Safety Campaign Award 2018 Officially Opened
Today's Industry

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

Jumat, 13 Mei 2022 - 15:45 WIB
Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022
PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

Jumat, 13 Mei 2022 - 15:15 WIB
Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications
Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

Kamis, 12 Mei 2022 - 15:26 WIB
HOKI Launches Another New Product
PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Kamis, 12 Mei 2022 - 14:19 WIB
Rockwell Automation Releases New, Highly Customizable Industrial Monitors
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…
News Comment