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Employee Benefits in Indonesia 2018

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Download Option: No
Deliverable Format : PDF viewable on the website via username

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Details

Employee Benefits in Indonesia 2018

 

Summary

 

The Indonesian social security system comprises the provident fund system and social insurance system. Social security in Indonesia covers a small proportion of the population with minimal benefits. With effect from January 1, 2014, a new regime of national social security has been implemented in Indonesia with an intention to cover all employees and residents under one healthcare system by 2019, as well as one employment benefits system by 2029. Under the new system, BadanPenyelenggaraJaminanSosial (BPJS) Healthcare (BPJS Kesehatan) will administer healthcare benefits and BPJS Employment (BPJS Ketenagakarjaan) will administer employment benefits, which cover against the risks of old, age, death, occupational accidents, and diseases. The employee benefits market in Indonesia is expected to register robust growth, as the country's government is planning to be one of the world's six largest global economies by 2030 as part of its long-term strategy.

 

The report provides in-depth industry analysis, information and insights of the employee benefits in Indonesia, including: overview of the state and compulsory benefits in Indonesia, detailed information about the private benefits in Indonesia, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Indonesia.

 

Key Highlights

 

- The government grants state benefits to all employed, self-employed, and unemployed residents and their dependents.

- The Indonesian social security system comprises the provident fund system and social insurance system.

- Most Indonesian private benefit plans are voluntary in nature, and companies looking to set up such plans must first gain government approval.

- Social security in Indonesia covers a small proportion of the population with minimal benefits.

 

Scope

 

- This report provides a detailed analysis of employee benefits in Indonesia.

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in Indonesia.

 

Reasons to buy

 

- Make strategic decisions using in-depth information related to employee benefits in Indonesia.

- Assess Indonesian employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in Indonesia.

- Gain insights into key organizations governing Indonesian employee benefits, and their impact on companies.

READ MORE

Table Of Content

Scope

Table of Contents

1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?

2.2 Definitions

3 COUNTRY STATISTICS

4 OVERVIEW OF EMPLOYEE BENEFITS IN INDONESIA

5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits

6.1.1 Introduction

6.1.2 Types of Retirement Plan

6.1.3 Eligibility

6.1.4 Age

6.1.5 Pensionable salary

6.1.6 Benefits

6.1.7 Payment Options

6.1.8 Typical employer practice

6.1.9 Employee and employer contributions

6.1.10 Taxation

6.2 Death in Service

6.2.1 Introduction

6.2.2 Eligibility

6.2.3 Benefits

6.2.4 Payment Options

6.2.5 Typical employer practic

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

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Products and Companies

Products

Employee benefits in Indonesia, Retirement benefits, Death in service, Long-term disability benefits, Medical benefits, Workmen's compensation, Maternity and paternity benefits, Family benefits, Unemployment, Leave, Private benefits

Company Profile

Company Profile Title

Employee Benefits in Indonesia 2018

 

Summary

 

The Indonesian social security system comprises the provident fund system and social insurance system. Social security in Indonesia covers a small proportion of the population with minimal benefits. With effect from January 1, 2014, a new regime of national social security has been implemented in Indonesia with an intention to cover all employees and residents under one healthcare system by 2019, as well as one employment benefits system by 2029. Under the new system, BadanPenyelenggaraJaminanSosial (BPJS) Healthcare (BPJS Kesehatan) will administer healthcare benefits and BPJS Employment (BPJS Ketenagakarjaan) will administer employment benefits, which cover against the risks of old, age, death, occupational accidents, and diseases. The employee benefits market in Indonesia is expected to register robust growth, as the country's government is planning to be one of the world's six largest global economies by 2030 as part of its long-term strategy.

 

The report provides in-depth industry analysis, information and insights of the employee benefits in Indonesia, including: overview of the state and compulsory benefits in Indonesia, detailed information about the private benefits in Indonesia, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Indonesia.

 

Key Highlights

 

- The government grants state benefits to all employed, self-employed, and unemployed residents and their dependents.

- The Indonesian social security system comprises the provident fund system and social insurance system.

- Most Indonesian private benefit plans are voluntary in nature, and companies looking to set up such plans must first gain government approval.

- Social security in Indonesia covers a small proportion of the population with minimal benefits.

 

Scope

 

- This report provides a detailed analysis of employee benefits in Indonesia.

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in Indonesia.

 

Reasons to buy

 

- Make strategic decisions using in-depth information related to employee benefits in Indonesia.

- Assess Indonesian employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in Indonesia.

- Gain insights into key organizations governing Indonesian employee benefits, and their impact on companies.

READ MORE

Scope

Table of Contents

1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?

2.2 Definitions

3 COUNTRY STATISTICS

4 OVERVIEW OF EMPLOYEE BENEFITS IN INDONESIA

5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits

6.1.1 Introduction

6.1.2 Types of Retirement Plan

6.1.3 Eligibility

6.1.4 Age

6.1.5 Pensionable salary

6.1.6 Benefits

6.1.7 Payment Options

6.1.8 Typical employer practice

6.1.9 Employee and employer contributions

6.1.10 Taxation

6.2 Death in Service

6.2.1 Introduction

6.2.2 Eligibility

6.2.3 Benefits

6.2.4 Payment Options

6.2.5 Typical employer practic

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

Employee benefits in Indonesia, Retirement benefits, Death in service, Long-term disability benefits, Medical benefits, Workmen's compensation, Maternity and paternity benefits, Family benefits, Unemployment, Leave, Private benefits