Practical Law – Pensions Global Guide for Indonesia
Assegaf Hamzah & Partners contributes to Practical Law’s Pensions Global Guide for Indonesia.
The Q&A provides a comprehensive overview of the regulation of national government pensions and supplementary pensions in Indonesia. It covers various aspects, including employer/employee contributions, national government pension age and monthly amount, and the public pensions body for national government pensions. For supplementary pensions, it discusses the provision of supplementary schemes, requirements to receive vested rights, disclosure/indexing/revaluation requirements, funding and solvency requirements, pension plan investment, member transfers, the regulatory body, applicable tax reliefs on contributions, approval/registration requirements, and the tax treatment of scheme investments and payments to members. Additionally, it covers the legal protection of employees’ pension rights on a business transfer, participation in pension schemes, employer insolvency protection, and overall scheme solvency.
Our Employment partners, Ahmad Maulana and M. Kamal Fikri, along with associates Putu Surya Resa and Valerie Irene, contributed to the Q&A guide on Indonesia in this publication.
This content is reproduced from Practical Law with the permission of the publishers. For further information, visit www.practicallaw.com.