Glossary entry

Indonesian term or phrase:

Program Pensiun Manfaat Pasti

English translation:

Fixed Benefit Pension Plan

Added to glossary by Anthony Indra
May 6, 2004 18:27
20 yrs ago
8 viewers *
Indonesian term

Program Pensiun Manfaat Pasti

Indonesian to English Bus/Financial Human Resources pension fund
There are 2 types of pension fund in Indonesia: Program pensiun manfaat pasti and program pensiun iuran pasti
See this context.
7. Program Pensiun Manfaat Pasti adalah program pensiun yang manfaatnya ditetapkan dalam peraturan Dana Pensiun atau program pensiun lain yang bukan merupakan Program Pensiun Iuran Pasti;
8. Program Pensiun Iuran Pasti adalah program pensiun yang iurannya ditetapkan dalam peraturan Dana Pensiun dan seluruh iuran serta hasil pengembangannya dibukukan pada rekening masing-masing peserta sebagai manfaat pensiun;

Proposed translations

+1
7 hrs
Selected

Fixed Benefit Pension Plan

This is the term used by many insurance companies in Indonesia.
Hope that helps!

Anthony
Peer comment(s):

agree Louis SOETEDJA
3 hrs
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4 KudoZ points awarded for this answer. Comment: "thanks a lot."
3 hrs

defined benefit fund

The two main categories refered to would be the "defined benefit fund" or plan, where the payout ot pension payable on retirement is a pre-determined multiple of final average salary; and the "defined contribution fund" or plan where the benefit depends on the earnings of the fund over the time the employee/employer have been contributing at an agreed rate. Barangkali lebih baik diterangkan dalam web reference berikut.
Peer comment(s):

neutral Louis SOETEDJA : boleh juga "Fixed Pension Benefit Plan"
7 hrs
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7 hrs

Defined Benefit Pension Plan

Defined Benefit Pension Plan is commonly used worldwide.
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