The benefits are expanded, the pension can also get a commission
Reporter: Tendi Mahadi | Editor: Barratut Taqiyyah Rafie
JAKARTA. Financial services regulators plan to expand the benefits pension funds can provide to participants. Dumoly Pardede Deputy Commissioner for Supervision of the Financial Services Authority (OJK) IKNB said, there are still many additional benefits that pension fund participants can receive, especially from employer pension funds (DPPK).
This additional benefit can be adjusted according to the length of time the participant joins the pension fund. This is related to the contribution and development funds that each participant has pocketed. “It can be in the form of achievement benefits, loans, going on a pilgrimage, education, to housing,” he said, Monday (25/1).
Additional benefits provided by themselves can come from the results of participant management of funds, as well as in collaboration with a number of other institutions.
According to Dumoly, the benefits obtained from fund development will be more profitable for both participants and pension funds. “Because the benefits or allowances obtained from the development of pension funds are tax free,” he said.
In addition, with more benefits that DPPK participants can receive, it will also reduce the burden on the founding company in meeting the welfare of its employees.
DPPK can also provide additional benefits by partnering with other institutions, such as the insurance industry, where pension funds can sell insurance products to their participants. Later, pension funds can be obtained fee based from the insurance partner.
The OJK itself is called Dumoly and hopes that the regulation will be issued in the first semester of 2016.
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