10
The benefit of creating Pension Fund includes (Tunggal, 1999, p. 2):
1. To provide employees with income after retirement.
2. Provide prosperity for employees in postretirement.
3. To establish sense of security for the employees.
4. To create a conducive environment.
5. Create a harmonious relationship between employees and the company.
6. To provide motivation for employees.
7. To establish loyalty for the company.
8. Increase the productivity of the company.
9. Increase the remunerativeness of the company.
10. To create a positive image of the company in society.
11. To form an accumulated fund that funded from within the nation, this will reduce
the necessity for foreign assistant in funding the national development program.
Plan
Sponsor
is
a
person
or
entity that
forms
DPPK,
or
a
bank
or
a
life
insurance
company that form DPLK. An entity in this extent could be in the form of a corporation,
foundation, firm, cooperative, and other form of
legal entities. For an entity that does not
have
the
resources
to
create
their
own
pension
fund
program,
they
are
able
to
join
in
other pension fund program that held by other entity.
The
main activity of
a
pension
fund
is to receive
the
contribution
from the participants
and the plan sponsor, to
invest the
fund that collected, pay the operation and
investment
 |