OJK Regulates Premiums and Benefits for Pension Funds

In a bid to improve the organization of pension funds within Indonesia, the Financial Service Authority (“OJK”) has issued Regulation No. 5/POJK.05/2017 on Premiums, Pension Benefits and Other Benefits Organized by Pension Funds (“Regulation 5/2017”). [1] In essence, Regulation 5/2017 addresses a number of areas which relate to the organization of premiums and pension benefits, as well as other additional benefits which are offered by the following parties: [2]