SSEK Legal Consultants has contributed the Indonesia chapter to a new Asia Regional Guide to Retirement Plans & Schemes.
The guide provides a brief overview of the laws relating to the regulation of retirement plans and schemes in 16 countries. Each chapter summarizes the country's social security system and employer-sponsored broad-based plans/schemes.
Key areas covered include the principal statutes governing, and the key features of the tax framework applicable to, such plans/schemes, employer-funding obligations and the material rules governing plan/scheme investments, the employer’s principal reporting and disclosure obligations, circumstances in which a retirement plan/scheme may be terminated and the associated employer liability for any underfunded benefits, the portability of an employee’s benefits, and the requirements, if any, to provide post-retirement cost of living adjustments.
For the Indonesia chapter of the Guide to Retirement Plans & Schemes, click here.
You can see the full guide here.
SSEK is regularly rated as a top-tier employment and labor law firm by leading legal directories including Chambers & Partners, Legal 500 and Asia Law & Practice. SSEK is the Indonesia member of the Employment Law Alliance, the leading global alliance of labor and employment law firms and lawyers.