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  • Workers Social Security Agency - Information on Adjustment to the Highest Wage Limit of Pension Plan Program of 2018
Newsletter:

Workers Social Security Agency - Information on Adjustment to the Highest Wage Limit of Pension Plan Program of 2018

06 March 2018

Information on Adjustment to the Highest Wage Limit of Pension Plan Program of 2018

According to the Government Regulation Number 45 Year 2015 on Information on Adjustment to the Highest Wage Limit of Pension Plan Program of 2018, there are some information related to the 2018 program.

 

Points of Adjustment

Begin with the Workers Social Security Agency, which determine and announce the adjustment of the highest remuneration limits of the Pension Guarantee contribution at the latest 1 (one) month after the agency administering statistical affairs in the field of statistics announcing the data of gross domestic product (article 29 paragraph (4)).

Followed by the Central Bureau of Statistics (BPS) has announced the growth of Gross Domestic Product (GDP) of Indonesia Year 2017 of 5.07 percent (BPS Official Statistics No. 16/02 / XXI dated 05 February 2018).

Based on these matters, the highest wage limit is determined as the basis for the calculation of the Pension Guarantee Program cost is 8,094,000 IDR.

 

Effective Date

Due to the fact that the new wage limits will apply starting March 2018 dues. The Company is required to adjust these wage limits on the March 2018 wage and employment data report.

For more information on how PT BDO Konsultan Indonesia can help you in planning and navigate these major changes, please contact our experts:

Corsec.helpdesk@bdo.co.id