Value of Pension

Reflection of the total contributions paid and the investment income earned on the contributions. On retirement the accumulated pension fund will be utilized to buy an annuity which will become the continuous income for the participant's and his/her spouse's lifetime and may be continued to underaged children. A maximum of 20% of the fund accumulated can be paid out in a lump sum as first installment.

 

The Decree of The Minister of Finance of The Republic of Indonesia (MOF)

Accumulated pension fund balance less than stated in the Decree can be paid out in a lump sum. Accumulated pension fund balance which is equal or more than stated in the MOF Decree, maximum of 20% of the fund can be paid out in a lump sum as first installment. The rest is payable as a whole life annuity purchased from a life insurance company.