SEAToday.com, Jakarta - This retirement age will be the basis for the utilization of the pension insurance program implemented by the Employment Social Security Agency (BPJS TK).
Article 15 paragraph 3 of Government Regulation Number 45 of 2015 concerning the Implementation of the Pension Insurance Program reads
“The retirement age as referred to in paragraph (2) is then increased by 1 (one) year for every 3 (three) years thereafter until it reaches a retirement age of 65 (sixty-five) years.”
The retirement age limit for workers in Indonesia was first set at the age of 56 through PP 45 of 2015. Then, on January 1, 2019, it changed to age 57 and increased by one year every three years thereafter.
Therefore, referring to this regulation, the retirement age of Indonesian workers in 2025 will be 59 years old.
Pension insurance based on this regulation is a social security that aims to maintain a decent standard of living for participants and / or heirs by providing income after participants enter retirement age, experience permanent total disability or die.
Translated with DeepL.com (free version)
