Businesses in Indonesia worry about impact of new mandatory pension program
The proposed regulation mandates that all companies, regardless of size, contribute a set percentage of employees' salaries to a government-managed pension fund.
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Supreme Court upholds strict pension rules for disbursement and eligibility
The court's decision reinforces the necessity for adherence to procedural norms when processing pension applications. It highlights that while pension benefits are a statutory right, their disbursement is contingent upon compliance with defined eligibility criteria, which may include service length, retirement age, and other conditions as per pension schemes.