Adjustment on Retirement Age at DPLK PertaLife

Thank you for entrusting your retirement fund management to DPLK PertaLife.
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‌In accordance with Law No. 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK), enacted on January 12, 2023, DPLK PertaLife has aligned its Pension Fund Regulations (PDP) with the provisions stipulated in the Law.
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The following is the Circular Letter regarding the Adjustment to Early Retirement Age:

Participant Registration

Individual Registration:

  • Minimum age of 18, or married with an income
  • Complete the registration form (available in the “Download” section)Complete the registration form (available in the “Download” section)
  • Submit required documents (KTP/ID Card, NPWP/Tax ID, and KK/Family Card)
  • Make your contribution payments

Group Registration:

  • ‌Complete the DKP registration forms (Corporate and Employee forms)
  • Submit the required legal data and/or organizational documents
  • Make your contribution payments
  • Submit the data tabulation for contributions

Top Up

Corporate or individual participants can make additional contributions to DPLK via their registered Virtual Accounts.

Transfer of Participation

Group-to-Individual Transfer. Should a Group participant resign but wish to continue their contributions independently, they may transfer their participation from Group to Individual status by following these steps:

  1. Complete the participation registration form
  2. Submit the required documents (KTP/ID Card, NPWP/Tax ID, Bank Account Passbook cover, KK/Family Card, and Employment Termination Letter/SK Berhenti Kerja)

Fund Transfer from Another Pension Fund

  1. ‌Participants must be registered with DPLK PertaLife. If not yet registered, please complete the Individual Participation registration first
  2. Complete the Pension Fund Transfer Request form and attach copies of your ID Card (KTP), Tax ID (NPWP), Bank Passbook, and proof of participation from the previous pension fund
  3. Funds from another DPLK will be credited to your account once DPLK PertaLife has received both the complete data and the funds from the transferring institution

Fund Transfer to Another Pension Fund

  1. ‌Participants must already be registered with another DPLK
  2. Complete the Pension Fund Transfer Request form
  3. Attach copies of your ID Card (KTP), Tax ID (NPWP), Bank Passbook, and proof of participation in the destination pension fund

Life Cycle

Based on Financial Services Authority (OJK) Regulation Number 27 of 2023 concerning the Conduct of Pension Fund Business, Article 67, DPLK manages assets based on the Participant’s age group or according to the Participant’s choice.
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DPLK PertaLife manages investments based on a Life Cycle Fund policy. For Participants who are within 2 (two) to 5 (five) years of their Normal Retirement Age, funds will be allocated as follows:
  • ‌Savings accounts with conventional or Sharia-compliant banks
  • Time deposits or on-call deposits with conventional or Sharia-compliant banks
  • Certificates of deposit issued by conventional or Sharia-compliant banks;
  • Securities issued by Bank Indonesia; and/or
  • Government securities measured at amortized cost

Additional Contributions (Top Up) are:

Group-to-Individual Participation Transfer. Should a Group participant resign but wish to continue their contributions independently, they may transfer their participation status from Group to Individual and re-elect their retirement age by following these steps:
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  1. Complete the Transfer Application form
  2. Complete the Participation Registration form
  3. Fill out and sign the General Terms and Conditions of Participation

 

Attach copies of your ID Card (KTP), Tax ID (NPWP), Bank Passbook cover, Family Card (KK), and Resignation Letter/Employment Termination Letter from your company.

Fund Transfer from Another Pension Fund
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  1. ‌Participants must be registered with DPLK PertaLife. If not yet registered, please complete the Individual Participation registration first.
  2. Complete the Pension Fund Transfer Request form and attach copies of your ID Card (KTP), Tax ID (NPWP), Bank Passbook, and proof of participation from the previous pension fund.
  3. Funds transferred from another DPLK will be credited to the participant’s account once DPLK PertaLife has received both the complete data and the funds from the transferring institution.

Fund Transfer to Another Pension Fund
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  1. ‌The participant must be registered with the destination DPLK.
  2. Complete the Pension Fund Transfer Request form.
  3. Attach copies of your ID Card (KTP), Tax ID (NPWP), Bank Passbook, and proof of participation in the other pension fund.

Please send your completed application forms and supporting documents to the following address:
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‌PertaLife Insurance (formerly PT Asuransi Jiwa Tugu Mandiri) Tamansari Parama Boutique Office, 11th Floor
Jl. K.H. Wahid Hasyim No. 84–88
Jakarta 10340
Indonesia

Pension Benefit Disbursement Notice for Participants Reaching Retirement Age

According to the Financial Services Authority (OJK) Regulation Number 27 of 2023 concerning the Conduct of Pension Fund Business, Article 54 paragraph (1), the Normal Retirement Age (“NRA”) is initially set at a minimum of 55 (fifty-five) years. Early Retirement Age (“ERA”) for Participants registered before January 12, 2023, is a minimum of 10 (ten) years before the NRA; whereas for Participants registered after January 12, 2023, the minimum is 5 (five) years before the NRA.

In accordance with the aforementioned provisions, Participants who have reached the Early Retirement Age (ERA) and are no longer employed by their registered company may apply for their pension benefit payment through DPLK PertaLife.

Download Notification Letter

Data Update

Thank you for entrusting DPLK PertaLife with the management of your retirement funds.
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‌To enhance our services and comply with Financial Services Authority (OJK) Regulation Number 8 of 2023 regarding the Implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Prevention of Proliferation Financing of Weapons of Mass Destruction programs in the Financial Services Sector, DPLK PertaLife is required to conduct regular monitoring and updates of Participant data. Therefore, we kindly urge all Participants to promptly update their participation data by following these steps:

Learn More

For further information, please contact us at dplk@pertalife.com or halo@pertalife.com. You can also reach us via phone at (021) 2788 6700 or WhatsApp at 0811-8984-460.

Life cycle

DPLK PertaLife implements an Asset Management Policy tailored to Participant age groups. This policy complies with Financial Services Authority (OJK) Regulation Number 27 of 2023 concerning the Conduct of Pension Fund Business, Article 67, which mandates that a DPLK must manage assets according to the Participant’s age group or based on the Participant’s personal election. This provision applies to Participants who are between 2 (two) to 5 (five) years away from their Normal Retirement Age.
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DPLK PertaLife manages assets by allocating funds to the following instruments:

  1. Savings accounts with conventional or Sharia-compliant banks
  2. Time deposits or on-call deposits with conventional or Sharia-compliant banks
  3. Certificates of deposit issued by conventional or Sharia-compliant banks;
  4. Securities issued by Bank Indonesia; and/or
  5. Government securities measured at amortized cost. This policy serves as a protective measure to safeguard the assets of DPLK PertaLife Participants who are approaching retirement age.

 

The allocation will be implemented once the Participant submits a written statement electing the Life Cycle Fund policy (“Statement Letter”), as provided in Appendix 1 of this Notification Letter.

Pension Benefit Payment

DPLK PertaLife may disburse pension benefits as a lump sum, provided that the Participant or the eligible party:

  1. ‌Suffers from a severe illness and faces financial hardship, supported by a Certificate of Financial Inability (SKTM) from the local authority and a Medical Statement confirming the critical condition.
  2. Is an Indonesian citizen who has changed their nationality
  3. Is a foreign national whose employment has concluded and is no longer working in Indonesia.

 

Payment procedures for normal and early retirement benefits:

Individual Participants

  1. ‌‌Ensure you have reached the designated retirement age.
  2. Complete the Pension Benefit Payment application form.
  3. Attach your DPLK PertaLife e-Card, provide copies of ID Card (KTP) and Tax Identification Number (NPWP), Family Card (KK), Mandiri Bank passbook cover (matching the account used for monthly auto-debits).
  4. Submit the completed form and supporting documents to the nearest Bank Mandiri branch or directly to the DPLK PertaLife Head Office.

Group Participants

  1. Ensure you have reached the designated retirement age.
  2. Has officially ceased employment with your company.
  3. Complete the Pension Benefit Payment application form.
  4. Attach your DPLK PertaLife e-Card, provide copies of ID Card (KTP), Tax Identification Number (NPWP), Family Card (KK), Bank account passbook cover, Employment Termination Letter (Surat Keputusan Berhenti Bekerja/Resignation Letter) from the company.
  5. Submit the completed form and all documents to your Company’s Person in Charge (PIC) or directly to DPLK PertaLife.
Notes
  1. ‌Pension benefits are subject to tax in accordance with applicable government regulations.
  2. The completed application form and all supporting documents must be sent to the DPLK PertaLife office address. 

Contribution Withdrawal

Participants are eligible to withdraw up to 50% of their accumulated contributions after a minimum participation period of 3 (three) months. This facility is available up to 2 (two) times per year, with a minimum interval of 6 (six) months between withdrawals. Please note that a 2% withdrawal fee and progressive tax will apply. The procedures for partial contribution withdrawal are as follows:

Individual Participants

  1. Complete the contribution withdrawal application form.
  2. Attach your DPLK PertaLife e-Card, provide copies of your ID Card (KTP), Tax Identification Number (NPWP), and a Bank Mandiri passbook cover, matching the account used for monthly auto-debit contribution.
  3. Submit the completed form and supporting documents to the nearest Bank Mandiri branch or directly to the DPLK PertaLife Head Office.

Group Participants

  1. Complete the contribution withdrawal application form.
  2. Attach your DPLK PertaLife e-Card, provide copies of ID Card (KTP), Tax Identification Number (NPWP), Bank account passbook cover, and a Company Approval Letter (Surat Pengantar) authorizing the withdrawal.
  3. Submit the completed form and all documents to your Company’s Person in Charge (PIC) or directly to DPLK PertaLife.
Note: The completed application form and all supporting documents must be sent to the DPLK PertaLife office address.