Indonesia | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Indonesia


indonesia flag Indonesia

Indonesia’s retirement income system comprises earnings-related civil service pensions, mandatory defined contribution plans for private sector workers and voluntary defined contribution plans for other workers. A new national pension scheme, launched in July 2015, will provide a defined benefit scheme funded through employer and employee contributions of a fixed percentage of the monthly salary.

The overall index value for the Indonesian system could be increased by:

  • introducing a minimum level of support for the poorest aged individuals
  • increasing the level of pension provision within the workforce
  • improving the regulatory requirements for the private pension system
  • improving teh required level of communication to members from pension arrangements
  • increasing the pension age as life expectancy continues to increase

RRF19921 MMGPI Report 0616 Chart WEB 1000x950 13 INDONESIA1 Indonesia

 Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2016  48.3 41.0 43.0 67.3
The Indonesian index value increased slightly from 48.2 in 2015 to 48.3 in 2016.
2015 48.2 41.3 40.1 70.8
The Indonesian index value increased from 45.2 in 2014 to 48.2 in 2015 primarily due to a higher household saving rate and a deline in life expectancy.
2014  45.3  37.5  37.8  68.3
The Indonesian index value increased from 42.0 in 2013 to 45.3 in 2014 primarily caused by the recognition of a minimum age to access benefits.
2013

42.0

29.8

37.7

67.3

Media 2016:


CleanSaveBtn text small IndonesiaPdfBtn text small IndonesiaEmailBtn text small IndonesiaCleanPrintBtn text small Indonesia
Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies