The Indonesian government has started raising the retirement age for Indonesian workers to 59 this year. According to government regulations, starting from 57 years old in 2019, the retirement age will increase by one year every three years until it eventually reaches 65. Workers who have reached retirement age and have contributed for at least 15 years can receive a monthly pension of IDR 300,000 to IDR 3,600,000. The annual pension amount will be affected by the inflation rate. Workers can apply for their pension within a maximum of three years after reaching retirement age.
The Indonesian government has started raising the retirement age for Indonesian workers to 59 this year. According to government regulations, starting from 57 years old in 2019, the retirement age will increase by one year every three years until it eventually reaches 65. Workers who have reached retirement age and have contributed for at least 15 years can receive a monthly pension of IDR 300,000 to IDR 3,600,000. The annual pension amount will be affected by the inflation rate. Workers can apply for their pension within a maximum of three years after reaching retirement age.