OJK Records Surge in Pension Fund Claims, Driven by Participants Reaching Retirement Age

The Financial Services Authority (OJK) has recorded pension fund benefit payments amounting to Rp 20.79 trillion as of February 2026. This figure represents a 14.26% increase year-on-year.

The Executive Head of Insurance, Guarantee, and Pension Fund Supervision at OJK, Ogi Prastomiyono, stated that this rise aligns with the growing number of participants reaching retirement age.

“This increase is principally driven by the additional number of participants entering normal retirement age,” Ogi said on Thursday (9/4/2026).

Participants ceasing work due to death or termination of employment also contribute to the higher number of benefit claims.

The rise in benefit payments is increasing pressure on pension fund liabilities. OJK assesses that asset management needs to be strengthened to maintain the sustainability of benefits.

Ogi emphasised the importance of implementing asset liability management (ALM) to balance assets and long-term liabilities.

Furthermore, governance is a primary focus in pension fund management.

“Strengthening governance must be carried out across all operational aspects, including investment management, membership, and funding,” Ogi explained.