Financing and Policy Strategies for Pensions in Indonesia

8. Some points for consideration (10) Establishment of the design, financing and investment strategies, and the overall governance structure of a new scheme, including demographic decision making process through tripartite consultations (11) Tripartite Governance of the new pension scheme, building trust among tripartite partners and governance of the scheme (12) More effective social security system, e.g. more emphasis on job matching and vocational training for unemployed (13) Coordinated systems of social security, more emphasis on periodical benefits than lump, more emphasis on external financing than direct compensations, consideration on coordination on different benefits (new DB scheme, provident fund, service reward pay) 23

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