Government Regulation on Old-Age Benefit Program

The government recently issued Government Regulation No. 46 of 2015 on Old-Age Benefit Program (“Regulation”), to implement Articles 37 (5) and 38 (3) of Law No. 40 of 2004 on National Social Security System (“SJSN Law”).[1]

The Regulation sets out the guideline for private sector employers and employees regarding old-age benefit program (jaminan hari tua),[2] covering matters on the participants, registration, premiums, benefits, monitoring activities, sanctions and complaints.  

Old-age benefit program itself is one of many social security programs under the Social Security Agency for Labor (Badan Penyelenggara Jaminan Sosial Ketenagakerjaan......