Financing and Policy Strategies for Pensions in Indonesia

1. 2. 5. Proposed pension design (outline at the time of Coverage - study, no agreement yet) All wage earners working for an employer with 20 employees or more Civil servants, military and police: integration in 2029 Benefits 2.1 Old-age pensions. 2.1.1 - Qualifying conditions. - 15 years of contributions 2085) Retirement age: 56 -> 57 (in 2037) - 2.1.2 Benefit formulae - -> -> 65 (in 1% x contribution years x individual career-average salary 2.1.3 Benefit adjustment / indexation - 50% of inflation 10

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