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Lina Miftahul Jannah
Department Of Public Administration Faculty Of Administrative Science, University Of Indonesia
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Neuroscience Public Health Social Sciences Other

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Journal : Jurnal Public Policy

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The Challenge of the New PNS Pension Scheme in Indonesia: Pay as You Go to Be Fully Funded Mahir Pratama; Lina Miftahul Jannah
Jurnal Public Policy Vol 9, No 1 (2023): January
Publisher : Universitas Teuku Umar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35308/jpp.v9i1.6203

Abstract

The increase in the number of civil servants retiring every year and the high life expectancy makes the pension fund increase every year. With the pay as you go scheme currently implemented, the APBN's fiscal burden is even higher. For this reason, the government plans to change the civil servant pension system to a fully funded system. The purpose of this research is to look at the challenges in implementing a fully funded scheme for civil servant pensions in Indonesia. The research method uses a postpositivist approach with primary data obtained from interviews with informants from members of the DPR RI legislature in the field of finance, experts from Commission XI DPR RI and public policy researchers. Secondary data were obtained from literature studies, documents and relevant government reports for analysis. Data processing techniques with open coding, axial coding and selecting coding with illustrative analysis assisted by NVivo12 plus software. The results of the study show that the government must reform pension fund management institutions, pay close attention to the investment climate, transition data on new schemes that need to be regulated by the ministry for the utilization of the state apparatus, the national staffing agency, the ministry of finance and local governments. In addition, this fully funded policy requires consistency over a long period of time to have an impact on the state budget and education for civil servants. In anticipating a new pension scheme, the government needs to prepare a roadmap for the weaknesses of the fully funded scheme, especially aspects of investment risk and civil servant pension insurance.
Co-Authors Achmad Lutfi Adinda Puspita Ningrum Aditya Bagaswara Agnes Betresia Amarrasuli, Savira Anisa Nur Aqlia Annisa Dewi Mantika Setiawan Arif Budiman Arnazaye, Furaihan Kamyl Asdaryati, Ayu Sarie Augustine, Leonita Auralia Althooffany Wahyudi Azarine Salsabila Balqis Mira Firdausy Bellinda Jasmine Miranda Bhekti Arum Lestari Budi Larasati Chandra Wijaya Daniel Pandapotan Siregar David Malchiel Ravanelli Desy Hariyati Difa Pramudya Utama Eko Sakapurnama Evie Oktafia Fadilla Fadilla Fadli, Muhamad Badrul Fanani, Muh. Asdig Fitria Ariyanti Gebrena, Muhammad Rafli Ghina Samarah Hadiyanti, Endang Handoko, Tyas Wida Heryati, Neneng Hidayana, Indah Nur Ilfa Rizki Amelia Kurnia, Surya Eka Leonita Augustine Lestari, Yurlita Dwi Mahir Pratama Muh Azis Muslim Muh Aziz Muslim Muhammad Yasin Sipahutar MUSLIM, MUH. AZIS Mutiah Mutiah Naila Triandaya Putri Ni Putu Bayu Widhi Antari Nur Apriyani Nur Apriyani Prakoso Bhairawa Putera Prakoso Bhairawa Putera Priskilla Verdina Putri Haryani Putri Wijayanti Putri Wijayanti Riezky Purnama Ersani Putri Rizqi, Febyanti Fadhliatul Rizqiyah, Noviyani salomo, Roy v. Sandika Faturahman Siti Fauziyah Sumarna Sumarna Supriyanto, Antonius Surbakti, Agnes Margaretha Suyanti Welvyna Situmeang Tutik Farihah, Tutik Udhik Pandu Rahargo Utami, Rizkanti Cahya Indah Warda Aulia, Medina Widyanto, Krisna Hadi Yuri Maulydina Zahra Karyna Putri Zuhria, Faiz Izzati Zulianti Syahruriza