Abstract
Prosperity in retirement is one of the important aspects to achieve in the career path of every individual, including the Indonesian National Army (TNI) which relies on pension funds as a source of post-retirement income. Pension funds manage programs that promise financial benefits to participants after they retire. In this context, the study aims to present the calculation of pension funds for TNI class IIIA using the Individual Level Premium method. This method allocates the total pension benefit equally each year. As a result, it is found that the Individual Level Premium method provides a greater pension benefit value than the benefit value using the proportion of salary from ASABRI. This shows that this method is effective in calculating retirement benefits.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Mathematics, Statistics, and Computing
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
