RETIREMENT BENEFIT PREDICTION FOR CIVIL SERVANTS OF UNIVERSITY ACADEMIC EMPLOYEES BASED ON PENSION FUND CALCULATION USING ACCRUED BENEFIT COST METHOD

• Main Author: Khalishfi Yasyfa, Hasna
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/77303
• Institution: Institut Teknologi Bandung

The pension fund program is a type of long-term planning that aims to provide living expenses for civil servants after retirement. In Indonesia, pension funds are calculated based on the last civil servant salary. As a result, there is an imbalance between the amount of contributions collected during service and the pension benefits paid for life. This resulted in an increase in the burden on the government budget to meet the adequacy of pension funds. In this study, a model is used to determine civil servant pension funds based on the average salary of the last 14 years using the Accrued Benefit Cost method. A model is used to determine the amount of pension funds for state university academic employees in Indonesia. PNS lecturers can retire at the age of 65 or 70 years, depending on the position held. The first step in this research is to build a model to predict the final ranking of employees which are generally quite diverse. The regression model will then be used to predict the percentage increase in salary. Then calculate pension benefits and normal contributions using the Accrued Benefit Cost method. The final step is to predict the amount of pension funds that the government should provide to public universities over the next 20 years, taking into account the predicted last civil servant rank, the percentage of salary increases, and new civil servants. The new PNS data set was generated using the Poisson distribution, where the parameter values were obtained by analyzing sample data of PNS for the last 30 years. In this study, the results of calculations based on the average salary for the last 14 years show a value that tends to be lower than the results of calculations based on the last salary. The prediction of the size of the pension fund for 2024 to 2044 using the Accrued Benefit Cost method produces a difference in the amount of benefits and normal contributions each year that does not show a negative number, so that it can be said that the normal contributions paid to pension fund companies are sufficient to pay for the retirement benefit needs of Civil Servants who retired in 2024 to 2044.