Did you know that PT Freeport Indonesia (PTFI) has a legal entity that manages and runs programs that offer pension benefits to its members?
The company is committed to being more than just a workplace for its employees. This commitment is realized through various welfare initiatives, including the establishment of the Freeport Indonesia Pension Fund (DPFI). With DPFI, PTFI aims to ensure that registered employees have financial security in retirement without the need to withdraw contributions from their earnings.
The Beginning of the Freeport Indonesia Pension Fund
Almost 30 years ago, on November 6, 1995, PTFI took a step forward by establishing DPFI to provide income continuity for employees/participants and entitled parties after retirement.
DPFI manages this pension program under the direct oversight of the Financial Services Authority (OJK) to guarantee transparency and accountability. OJK’s supervision ensures that the pension fund is professionally managed for the security and well-being of beneficiaries.
100% Funding from PTFI for Employees
What sets the pension program managed by DPFI apart from other company pension funds is that it is fully funded by PTFI. In this program, eligible employees are not required to set aside part of their salary to contribute.
PTFI’s full-funding shows that the company not only cares about the performance of its employees during their work, but also about their future. Commitments that go beyond the boundaries of the employment contract show that the employees are valued, both during their employment and after retirement.
Benefits of DPFI for Employees
DPFI can provide a variety of significant benefits for eligible employees, including:
- Financial Security in Retirement: This program is designed to ensure that employees can enter retirement with stable and sustainable financial support. With this assurance, employees can better focus on their work, boosting both motivation and productivity throughout their careers.
- Professionally Managed Investments: The pension fund managed by DPFI is under the supervision of the Financial Services Authority (OJK) and is focused on both asset growth and security. Through the Defined Benefit (Manfaat Pasti) program, employees can project the pension benefits they will receive, allowing for more thorough and well-planned retirement preparation.
- No Contribution Deduction from Salary: In the pension program managed by DPFI, employees are not required to deduct a portion of their salary for pension fund contributions. This provides flexibility for employees to plan their personal finances according to their individual capabilities and needs.
PTFI’s Commitment: Well-Being for the Future
Since its establishment in 1995, DPFI has become a symbol of PTFI’s commitment to employee well-being. With full funding from the company and OJK oversight, this program is designed to provide financial stability and peace of mind to those who have worked with dedication. As of 2024, a total of 10,947 participants have been enrolled, and DPFI has paid out pension benefits amounting to IDR 3.7 trillion or approximately 59 million USD. For PTFI, this pension fund is more than just a well-being program; it is a true reflection of the company’s values.
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