Compensation and benefits in Indonesia

Article Abstract:

One of the things that best highlight the Indonesian economy is its sound and rational compensation and benefits policies. Basic salary is given on a monthly basis, and an annual incentive is legally required. Some companies resort to deferred compensation while others include various allowances. Funded pension plans, which provide retirement benefits in the form of monthly pensions, are keenly eyed by the government through the Department of Manpower and Ministry of Finance. The retirement process, along with its specifications, is governed by the Pension Law and the legal entity of Dana Pensiun is created in the absence of a trust law.

Employee Benefits & Services, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Social Security, Human resource management, Compensation management, Indonesia, Employee benefits

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Republic of Ireland - a benefits update

Article Abstract:

The introduction of Ireland's Pensions Act of 1990, together with regulatory shifts and alterations in the family law, has resulted in changes to the country's occupational pension system. The Irish government, through laws such as the 1996 Pensions Amendment Act, has sought to address calls for change to the occupational pension system. Ireland's occupational pension system has been moving towards defined contribution schemes in place of defined benefit schemes due to increased regulation and also due to factors such as accounting standards.

Laws, regulations and rules, Ireland

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