Effective from Mar’19
The Indonesia government has issued an update related with amount of benefits / wage regulation for BPJS Pension Guarantee Program 2019.
o The contribution rates were applied to wages maximum of IDR 8,094,000 per month (before 1 March 2019) and which has been revised to IDR 8,512,400 per month (1 March 2019 onwards)
o Minimum Pension Benefits is Rp. 341,400.00 per month and maximum of Rp. 4,095,750.00 per month.
o The maximum wage as the basis for calculating the pension contributions amounted Rp.8,512,400.00
|Effective date||Pension Guarantee Program contribution rate|
|Borne by employer||Borne by employees|
|Before 1 March 2019||2% up to max. IDR 161,880||1% up to max. IDR 80,940|
|From 1 March 2019 onwards||2% up to max. IDR 170,248||1% up to max. IDR 85,124|
The changes will be reflecting in the payroll reports effective from Mar’19 . Attached.