.

The Financial Institution of Pension Fund (DPLK)

DANA PENSIUN LEMBAGA KEUANGAN bank bjb

Provide The Prosperous Future

Retirement is a thing that should be prepared as early as possible. Regardless of your current income, you are entitled to have retired. Bank bjb Financial Institutions of Pension Funds provide you the best retirement plan so your future cash flows are estimated and the retirement income goal will be achieved.

Why Bjb Bank Pension Funds Program? (DPLK)

  1. Maintain the concept of sustainable income for you and you family or even your beneficiary.
  2. Free registration fee.
  3. Monthly payable amount, start from IDR 100.000 /month, you can freely arrange your retirement plan within a certain period until you reach retirement age.
  4. Flexible deposit amount, you can adjust your monthly deposite amount and rearrange your retirement plan any time.
  5. Secure and favorable investment, free investment income tax.
  6. Retirement fund benefit amount up to IDR 50.000.000, free management tax, 5% tax charged for the amount that exceed IDR 50.000.000.
  7. Bjb’s Pension Funds Program member have an option to/not to take death and disability insurance permanently.
  8. Investment can be spent for other urgency besides retirement savings, e.g. umrah, educational needs, holiday retirement etc.
  9. With your limited income, you can still gain lifetime monthly retirement benefits with Bjb Bank Pension Funds Annuity Program.

Bjb Bank Pension Funds Program (DPLK) Membership

  1. Bjb Bank Pension Funds Program (DPLK) available for individuals, groups and employer. Individual participant involves employee and professional from any formal and informal sectors from various backgrounds.
  2. DPLK bank bjb available for corporation, agencies, foundation.
  3. At least 18 years old or married.
  4. Initial membership deposit for IDR 100.000,-
  5. Fill the Bjb’s Pension Funds Program registration form. (Availabe at all Bjb Bank branch offices.)
  6. Copy of valid ID Card, Family Registration Certificate (FRC), Marriage Certificate

Bjb Bank Pension Funds Program Features and Benefit

  1. Bjb Bank Pension Funds Program member can specified their own retirement age, start from 40 to maximum 65 years.
  2. Every member can have more than 1 (one) Bjb Bank Pension Funds account.
  3. Bjb Bank Pension Funds Program member have an option to take additional benefits program such as insurance coverage for death and accident. From total development fund, participant who died due to terminal illness, get 100% coverage; 200% coverage for accidental death; and 250% coverage for disabling injury participant (total permanent disability).
  4. Unscheduled deposit top up can be done any time for min. IDR 25.000,- at any available network of Bjb Bank branch offices.
  5. Participant with minimum 2 years membership can make 25% withdrawal from accumulated deposit, for maximum 3 (three) times within 1 (one) year period with 1 (month) interval (development fund excluded).
  6. Investment package can be adjusted maximal 2 (two) times within 1 (one) year period.
  7. Every member will get Bjb Bank Retirement Funds Program’s book and card membership for regularly control deposit result.

Bjb Bank Pension Payout Funds Plan Options

Bjb Bank Retirement Funds Payout plan includes:

  1. Normal Retirement
    The participant will receive the payout upon reaching the preferred retirement age within the initial membership agreement.
  2. Accelerated Retirement
    The participant will receive the payout at least 10 years prior to normal retirement age and quit the membership. This payout plan mostly used by participant for other urgency besides retirement savings, e.g. umrah, educational needs, holiday retirement etc.
  3. Postponed Retirement
    This payout plan is allocated for participant who unable to paid monthly mdeposit before reaching Normal or Accelerated Retirement Age, once they reach the Normal & Accelerated Retirement Age, the participant can withdraw their investment.
  4. Retirement by Death
    The participant who died befor reaching the minimum retirement age will get their heirees as beneficiary.
  5. Permanent Disability Retirement
    The disabled participant will receive the retirement payout funds, and close the retirement deposit.

Bjb Bank Pension Funds Package

Participants can choose their own retirement investment packages.

  1. A Package: 100% of term deposit
  2. B Package: 50% of term deposit and 50% On Call
  3. C Package: 50% term deposit and 50% Reksadana
  4. D Package: 50% term deposit and 50% shares
  5. E Package: 50% term deposit and obligations

Bjb Bank Pension Funds Membership Fee

  • Monthly administration fee IDR 825,-
  • Monthly fund management fee 0.1% from accumulated investment fund.
  • Annual membership insurance premiums fee; 0.45% from total development fund.

 

Bjb Bank Pension Funds Program Calculation Assumptions

Bjb Bank Pension Funds Program Simulation with 25 years membership and 7% average development, include monthly admin fee IDR 250; 1% management fee and 0.45% annual insurance premiums:

Membership longevity (year) Monthly Deposit (IDR)
50,000 100,000 250,000 500,000
1 711,669.98 1,327,330.22 3,174,310.96 6,252,612.19
2 1,370,020.60 2,637,767.79 6,440,997.34 12,779,718.26
3 2,067,331.70 4,025,747.90 9,900,996.51 19,693,077.53
4 2,805,918.39 5,495,887.70 13,565,795.63 27,015,642.18
5 3,588,233.38 7,053,066.14 17,447,564.43 34,771,728.24
6 4,416,875.12 8,702,455.30 21,559,195.82 42,987,096.69
7 5,294,596.47 10,449,537.56 25,914,348.83 51,689,039.28
8 6,224,313.86 12,300,108.93 30,527,494.15 60,906,469.52
9 7,209,117.03 14,260,328.37 35,413,962.36 70,670,019.01
10 8,252,279.33 16,336,708.25 40,589,995.00 81,012,139.59
11 9,357,268.60 18,536,151.14 46,072,798.76 91,967,211.45
12 10,527,758.77 20,865,969.77 51,880,602.76 103,571,657.76
13 11,767,642.07 23,333,911.39 58,032,719.38 115,864,066.02
14 13,081,042.01 25,948,183.65 64,549,608.55 128,885,316.73
15 14,472,327.15 28,717,481.87 71,452,946.02 142,678,719.60
16 15,946,125.63 31,651,018.11 78,765,695.54 157,290,157.92
17 17,507,340.61 34,758,551.82 86,512,185.44 172,768,241.49
18 19,161,166.60 38,050,422.38 94,718,189.71 189,164,468.61
19 20,913,106.78 41,537,583.56 103,411,013.88 206,533,397.76
20 22,768,991.37 45,231,640.04 112,619,586.07 224,932,829.43
21 24,734,997.00 49,144,886.09 122,374,553.34 244,423,998.76
22 26,817,667.36 53,290,346.50 132,708,383.93 265,071,779.63
23 29,023,934.97 57,681,820.07 143,655,475.39 286,944,900.92
24 31,361,144.29 62,333,925.54 155,252,269.28 310,116,175.53
25 33,837,076.22 67,262,150.32 167,537,372.62 334,662,743.11

WHAT IS bjb Bank Pension Funds Program? - FAQ

What is Bjb Bank Pension Funds Program?

DPLK is a legal firm who organizes the retirement deposit program by promising a payoff amount that periodically paid the retirees upon their retirement age.

When was Bjb Bank Pension Funds Program established?

February 22, 2002

What is the legal basis for Bjb Bank Pension Funds Program?

  1. Law Regulation No. 11, 1992; on Pension Funds
  2. Indonesian Presidential Regulation No. 77, 1992; on Financial Institution of Pension Funds.
  3. 3. Finance Minister Regulation No. 228/KMK. 017/1993; on Legal Request Submissions for Financial Institution of Pension Funds Establishment

For the operational permits based on The Finance Minister Regulations No: KEP-056/km. 6/2002

What’s the benefit of joining the Bjb Bank Pension Funds Program membership?

  1. Future earnings guaranteed.
  2. The investment fund can be used for the participant including their family and beneficiary.
  3. Investment funds transparency for the participant through Bjb Bank Pension Funds Program savings book.
  4. High growth percentage.
  5. Free registration fee.
  6. Monthly administration fee for only IDR 250,-
  7. No investment tax
  8. Insurance coverage for death and permanent disability
    1. 100% coverage for natural death.
    2. 200% coverage for accidental death.
    3. 250% coverage for permanent disabling injury.

How much monthly Bjb Bank Pension Funds Program deposit required?

Start from minimum IDR 25.000 /month with upgradeable amount

How to join the Bjb Bank Pension Funds Program individual and group membership?

You can come to any available network of Bjb Bank branch offices nearby and submit the following documents:

  1. Copy of valid ID Card / Passport (Driving License is not allowed).
  2. Copy of Family Registration Certificate.
  3. Copy of Marriage Certificate.
  4. Copy of Tax ID Number.
  5. Fill the registration fee and auto debit power of attorney form.

When does my Bjb Bank Pension Funds Program membership start and expire?

Your membership will starts on the date your application was accepted, there’s no delay or any extra step and your membership will end once you reach your specified retirement age (45-65 years)

What if I can’t afford to pay my deposit while my investment is running, and I choose to stop paying for the next few months, will I get any penalty or my previous deposit funds will still be accumulated?

The Bjb Bank Pension Funds Program will not charged you with anything once you stop paying your deposit, even when you add your balance, the accumulated fund will continue to grow. Once you choose to proceed your current deposit, the existing unpaid months will not be accumulated.

What if when auto debit date is due I have no remaining balance, will the deposit of that month being cancelled?

No, the auto debit will try to draw the monthly deposit from your account maximum 3 (three) days after due date, if within more than 3 (three) days you have no remaining balance, the deposit withdrawal will not succeed and there will be no outstanding in the next month.

How to pay Bjb Bank Pension Funds Program deposit?

The deposit shall be done within 2 (two) methods. First, you can come to any available network of Bjb Bank branch offices or you can apply the monthly auto debit where your monthly deposit amount will regularly withdrawn from your savings account. You can adjust the auto debit withdrawal between 1 – 25 date ranges each month.

What’s the difference between Individual and Employer Participant?

Individual participant is the existing customer who applied for the Bjb Bank Pension Funds Program program, and they personally paid their own pension deposit. Whereas the employer participant is the retirement funds program where its deposit paid by the company employer.

What is the Bjb Bank Pension Funds Program proof of membership?

When the customer participates to be Bjb Bank Pension Funds Program membership,they will earn membership card along with pension funds manual guidelines, Bjb Bank Pension Funds Program savings book to monitor their balance amount.

Is the Bjb Bank Pension Funds Program can be only used for retirement savings?

The Bjb Bank Pension Funds Program is a long-term savings. Once the participant reach their accelerated retirement age they can quit the membership and use the pension funds for various purposes like umrah, holiday allocation, educational needs etc.

What is accelerated retirement?

The accelerated retirement is when a participant reach 10 years prior due to the specified retirement age; e.g. the participant initially choose 48 as their retirement age, so they can quit their Bjb Bank Pension Funds Program membership at least when they reach 38.

What if while my Bjb Bank Pension Funds Program membership is running I need to withdraw my pension funds, can I retrieve it?

If the participant have at least 2 (two) years membership, they can retrieve 25% from the accumulated funds for maximum 3 (three) times within 1 (one) year with 1 (month) interval between, make sure to bring your valid ID card and Bjb Bank Pension Funds Program membership card.

Is there any charge for Bjb Bank Pension Funds Program membership?

  1. Management fund; 1% from total accumulated deposit, imposed every end of the year
  2. Insurance premiums; 0.45% from accumulated growth, annualy imposed (if the member participated in insurance program)
  3. Retirement tax benefits;
    1. 0% for IDR 0 – IDR 50.000.000
    2. 5% for more than IDR 50.000.000

When I reach my retirement age, how to retrieve my Bjb Bank Pension Funds Program deposit?

There are 2 (two) ways for deposit withdrawal:

  1. Lump sum payment; accumulated pension fund with its accumulated growth will be given all at once.
  2. Annuity payment; periodical payment with the installment details, 20% will be given to the participant and 80% will be managed by insurance with annuity program (initially specified by participant) that will be paid out monthly and distributed to person who inherits an annuity such a widow/widower till the 3rd children married or reach 25. The participant can retrieve their deposit once they reach their retirement age, with total deposit amount under IDR 500.000.000.

What is the requirement to quit my Bjb Bank Pension Funds Program membership?

You can quit your Bjb Bank Pension Funds Program membership once you reach the normal or the accelerated retirement age by submit the following documents:

  1. Copy of valid ID Card / Passport (Driving License is not allowed)
  2. Copy of Family Registration Certificate
  3. Copy Of Tax ID Number
  4. Copy of Marriage Certificate
  5. Closing statement of Bjb Bank Pension Funds Program membership + postage labels
  6. Bjb Bank Pension Funds Program membership card with account book

As for the insurance claim on death or total permanent disability, you can submit the following documents:

  1. Copy of valid ID Card / Passport (Driving License is not allowed)
  2. Copy of Family Registration Certificate
  3. Copy Of Tax ID Number
  4. Copy of Marriage Certificate
  5. Closing statement of Bjb Bank Pension Funds Program membership by beneficiary + postage labels
  6. Bjb Bank Pension Funds Program membership card with account book
  7. Notice of death / statement letter from hospital (for total permanent disability).
  8. Copy of beneficiary valid ID Card

What if I need more inquiries about the Bjb Bank Pension Funds Program?

You can come to any available network of Bjb Bank branch offices nearby, or you can contact our headquarters,


Jl. Kejaksaan no. 8-1
No. tlp : 022-4234868 Ext. 3802
Email : groupof dplk@bankbjb.co.id

 

Tools & Links
Search
Bank Rate & Tariff
Product Simulation
ATM & Branch
Copyright © 2019 bank bjb