SEOJK on the Form and Structure of Pension Fund Technical Reports

To:
Pension Fund Management

COPY

CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 11 /SEOJK.05/2016

ON

THE FORM AND STRUCTURE OF PENSION FUND TECHNICAL REPORTS

In relation to the mandate of Article 4 paragraph (2) of Financial Services Authority Regulation Number 17/POJK.05/2016 concerning Pension Fund Technical Reports (State Gazette of the Republic of Indonesia Year 2016 Number 41, Additional State Gazette of the Republic of Indonesia Number 5855), it is necessary to regulate the format, form, and structure of pension fund technical reports in a Circular Letter of the Financial Services Authority as follows:

I. GENERAL PROVISIONS

1. Pension Fund is a legal entity that manages and runs a program promising pension benefits.

2. Technical Report is a report submitted by the Pension Fund to the Financial Services Authority, presenting information regarding membership and operational activities of the Pension Fund for 1 (one) year.

3. Employer Pension Fund is a Pension Fund established by a person or entity that employs employees, as the founder, to carry out a defined benefit pension program or a defined contribution pension program, for the benefit of some or all of its employees as participants, and which creates obligations for the employer.

4. Financial Institution Pension Fund is a Pension Fund established by a bank or life insurance company to carry out a defined contribution pension program for individuals, whether employees or self-employed workers, separate from the employer pension fund for employees of the respective bank or life insurance company.

5. Directorate of Pension Fund and Manpower Social Security Supervision is the Directorate of Pension Fund and Manpower Social Security Supervision at the Financial Services Authority.

6. Financial Services Authority, hereinafter abbreviated as OJK, is the Financial Services Authority as referred to in Law Number 21 of 2011 concerning the Financial Services Authority.

II. FORM, STRUCTURE, AND FORMAT

1. Pension Funds must prepare Technical Reports as referred to in Article 2 of Financial Services Authority Regulation Number 17/POJK.05/2016 concerning Pension Fund Technical Reports, in accordance with the type of Pension Fund and the characteristics of the program it manages.

2. The Technical Reports as referred to in item 1 must be made in form and structured in accordance with the format and reporting instructions in:
   a. Appendix I for Employer Pension Funds with defined benefit pension programs; b. Appendix II for Employer Pension Funds with defined contribution pension programs; and
   c. Appendix III for Financial Institution Pension Funds,
   which are an integral part of this OJK Circular Letter.

3. Technical Reports in digital format as referred to in Article 3 paragraph (2) of Financial Services Authority Regulation Number 17/POJK.05/2016 concerning Pension Fund Technical Reports must use the digital format provided by the Directorate of Pension Fund and Manpower Social Security Supervision.

4. The digital format as referred to in item 3 must not be altered.

III. CLOSING

With the establishment of this OJK Circular Letter, regulations regarding the form and structure of Pension Fund Technical Reports are subject to this OJK Circular Letter.

The provisions in this OJK Circular Letter take effect on the date of establishment.

Established in Jakarta on 18 April 2016

EXECUTIVE HEAD OF INSURANCE, PENSION FUND,
FINANCING INSTITUTION, AND
OTHER FINANCIAL SERVICE INSTITUTION SUPERVISOR FINANCIAL SERVICES AUTHORITY,

signed

FIRDAUS DJAELANI

Copy in accordance with the original

Legal Director 1
Legal Department

signed

Yuliana