Jakarta –
Main Director of Indonesia Financial Group (IFG), Hexana Tri Sasongko said, most Indonesians are not ready to retire. Whereas in developed countries, when the retirement age is raised there will be demonstrations.
According to him, this cannot be separated from the small pension fund contributions. He thinks pension funds will provide benefits when someone retires.
“This is a funny story too. Due to the small accumulation of pension contributions, most Indonesians are not ready to retire. In developed countries, when the retirement age is raised, they protest. Why? One is ready to retire, the other is not ready to retire,” he said at the IFG National Press Conference Conference 2023 at the JS Luwansa Hotel, Jakarta, Tuesday (16/5/2023).
“The pension fund will leave definite benefits. Because retirement is how to maintain the quality of life when you enter a less productive age,” he continued.
He also alluded to Indonesia’s demographic bonus of only 13 years remaining. The demographic bonus is a situation in which the productive age population is greater than the non-productive age population.
“Yesterday, the President (Joko Widodo) said that our demographic bonus is approximately 13 years old. So how do we prepare for it,” he added.
He said that when the demographic bonus runs out, more of Indonesia’s population will be in their old age. They will be borne by the productive age group.
“Many countries have an aging population. It is no longer productive, it is being borne by those who are productive. So it is very hard if the unproductive ones don’t prepare early,” he explained.
Hexana said, in developed countries, people who reach the age of 21 start working and use their income to buy Financial Institution Pension Funds (DPLK).
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2023-05-16 06:08:56
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