What is the standard retirement age in Papua New Guinea & Indonesia ?
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2 Answers
Certainly! Let's explore the retirement ages in Papua New Guinea and Indonesia:
1. Papua New Guinea (PNG):
- The normal retirement age for public servants in Papua New Guinea was initially 60 years.
- However, due to a Supreme Court decision in March 2023, the normal retirement age was reverted back to 60 years from the previously raised age of 65 years.
- The compulsory retirement age remains at 65 years.
2. Indonesia:
- As of 2019, the general pension age for employees in Indonesia is 57 years.
- This age limit will gradually increase by one year every three years.
- Consequently, the next increase in the pension age is expected in 2022.
- Employees with 15 years of contributions qualify for a periodical pension benefit while those with less than 15 years qualify for lump-sum payments.
Remember that retirement policies can vary, and it's essential to stay informed about any changes or updates specific to each country. .
1. Papua New Guinea (PNG):
- The normal retirement age for public servants in Papua New Guinea was initially 60 years.
- However, due to a Supreme Court decision in March 2023, the normal retirement age was reverted back to 60 years from the previously raised age of 65 years.
- The compulsory retirement age remains at 65 years.
2. Indonesia:
- As of 2019, the general pension age for employees in Indonesia is 57 years.
- This age limit will gradually increase by one year every three years.
- Consequently, the next increase in the pension age is expected in 2022.
- Employees with 15 years of contributions qualify for a periodical pension benefit while those with less than 15 years qualify for lump-sum payments.
Remember that retirement policies can vary, and it's essential to stay informed about any changes or updates specific to each country. .
As of my knowledge cutoff in September 2021, the standard retirement age in Papua New Guinea is 60 years old for men and women in both the public and private sectors. However, please note that retirement age policies can vary and may have been subject to changes after my knowledge cutoff. In Indonesia, the standard retirement age is 55 years old for women and 60 years old for men in the public sector. In the private sector, the retirement age is generally set at 55 years old for both men and women. However, there are some exceptions and variations depending on the specific industry and occupation. It's important to keep in mind that retirement ages can be subject to change and it's always recommended to consult the relevant government authorities or employment regulations for the most up-to-date information.