Abstract
This research aims to analyze the relationship between the interest rate relationship is inversely proportional to the amount of the premium on the pension plan. The method used is to measure several variables, among others FSL (Future Service Liability), PVFSAL (Present Value Future Salary), PR (Pension Rate) and Premiums. Calculation, life annuity uses actuarial assumptions, one of which is the interest rate assumption, if the assumptions used are not in accordance with the actual conditions, then what happens is excessive payments or deficient payments. The interest rate has an influence in the process of calculating the defined benefit pension plan premium. Using the assumption of different interest rates (11%, 12 % and 13%), it is found that the interest rate relationship is inversely proportional to the amount of the premium. The results of this study are FSL, PVFSAL, PR and Premiums for the interest of 11%, 12% and 13% (participants aged 25 years) as follows 720,187.97; 554,000,24; 430,570.07 (FSL in Rupiah); 27,155,187.70; 24,922,770,59; 23,002,699.40 (PVFSAL in Rupiah); 2.6521; 2.2229; 1.8718 (PR in%) and 55,535.38; 46,546.85; 39,196.00 (Premiums in Rupiah)The higher the interest rate, the smaller the pension premium and vice versa.
Highlights
Pension fund funding either in order to meet the requirements or for the purpose of managing financial management will cause the occurrence of wealth which will later be used to pay pension benefits and administrative costs(1-3)
Using the assumption of different interest rates (11%, 12 % and 13%), it is found that the interest rate relationship is inversely proportional to the amount of the premium
This paper aims to analyze mathematically the relationship between pension plans implemented by various parties, and their relationship with the pension benefits received later
Summary
Pension fund funding either in order to meet the requirements or for the purpose of managing financial management will cause the occurrence of wealth which will later be used to pay pension benefits and administrative costs(1-3). This means that the wealth of the pension fund is calculated to determine the quality of the Pension Fund funding and the existence of solvency obligations and actuary obligations that must be fulfilled in the program. The amount of pension benefits received by participants at retirement is determined in advance based on a formulation of pension benefits in accordance with the applicable pension fund regulations, the contribution fee / premium is calculated. If the actual situation is not in accordance with the prevailing assumptions, there is excessive or under-financing (payments that are actuarially unfair)[14]
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